Project Report Group-7 Section-B

NAME
ANJALI AGRAWAL
ANKUR CHAKRABORTY
ASMITA
DEBADYUTI BANERJEE
HARNEET KALSI
PRIYANKA KAKARLA
ROSHINI MALLULA
SUMA
ENROLLMENT NUMBER SEAT NUMBER
19BSPHH01C0138 97
19BSPHH01C0154 98
19BSPHH01C0225 39
19BSPHH01C0315 94
19BSPHH01C0412 96
19BSPHH01C0848 95
19BSPHH01C0958 37
19BSPHH01C1259 33
COMPANY SELECTED
TATA STEEL LTD
SAIL
JSW STEEL LTD.
JINDAL STEEL AND POWER
SAIL, BHILAI
VISA STEEL
FACOR STEEL
MESCO STEEL
INCOME STATEMENT OF TATA STEEL LTD.
PARTICULARS Mar-19
INCOME :
Sales Turnover 70610.92
Excise Duty 0.21
Net Sales 70610.71
Other Income 2667.36
Stock Adjustments 554.33
Total Income 73832.4
EXPENDITURE :
Raw Materials 21648.14
Power & Fuel Cost 3033.34
Employee Cost 5166.4
Other Manufacturing Expenses 9861.44
Selling and Administration Expenses 7925.02
Miscellaneous Expenses 4143.97
Less: Pre-operative Expenses Capitalised 799.7
Total Expenditure 50978.61
Operating Profit 22853.79
Interest 2823.58
Gross Profit 20030.21
Depreciation 3802.96
Profit Before Tax 16227.25
Tax 6297.11
Fringe Benefit tax 0
Deferred Tax -603.05
Reported Net Profit 10533.19
Extraordinary Items 226.31
Adjusted Net Profit 10306.88
Adjst. below Net Profit -392.62
P & L Balance brought forward 18700.25
Statutory Appropriations 0
Appropriations 1145.92
P & L Balance carried down 27694.9
Dividend 0
Preference Dividend 0
Equity Dividend % 130
Earnings Per Share-Unit Curr 91.9
Earnings Per Share(Adj)-Unit Curr 91.9
Book Value-Unit Curr 614.24
Dividend Per Share 13
BALANCE SHEET OF TATA STEEL LTD

Particulars
Mar 2019
SOURCES OF FUNDS :
Share Capital 1146.12
Reserves Total 69308.59
Equity Share Warrants 0
Equity Application Money 2275
Total Shareholders Funds 72729.71
Secured Loans 2572.19
Unsecured Loans 27129.28
Total Debt 29701.47
Total Liabilities 102431.18
APPLICATION OF FUNDS :
Gross Block 87965.86
Less : Accumulated Depreciation 16702.17
Less:Impairment of Assets 41.67
Net Block 71222.02
Lease Adjustment 0
Capital Work in Progress 5796.29
Producing Properties 0
Investments 39406.72
Current Assets, Loans & Advances
Inventories 11255.34
Sundry Debtors 1363.04
Cash and Bank 718.11
Loans and Advances 3221.62
Total Current Assets 16558.11
Less : Current Liabilities and Provisions
Current Liabilities 21407
Provisions 1136.37
Total Current Liabilities 22543.37
Net Current Assets -5985.26
Miscellaneous Expenses not written off 0
Deferred Tax Assets 6238.6
Deferred Tax Liability 14045.6
Net Deferred Tax -7807
Total Assets 102632.77
Contingent Liabilities 28295.62
LIQUIDITY RATIOS
Net Working Capital = Current Assets (CA)-Current Liabilities (CL)
Current Ratio = CA/CL
Quick Ratio = (CA-Inventories)/CL
Cash Ratio = (Cash and Cash Equivalent)/CL
LEVERAGE RATIOS
Debt Equity Ratio = Long term debt / Shareholders' Equity
Proprietary Ratio = Net Worth/Total Assets
Interest Coverage Ratio = EBIT/ Interest(I)
Debt Service Coverage Ratio = EBITDA*(1-t)/ [I + (Loan repayment instalment/(1-t)]
PROFITABILITY RATIOS
Gross Profit Margin = Gross Profit/Net Sales
Net Profit Margin = PAT/Net Sales
Return on Investment = NET PROFIT/TOTAL INVESTMENT
Return on Equity = PAT/Net Worth
ACTIVITY RATIOS
Inventory turnover ratio = COGS/Avg. Stocks
Debtor turnover ratio = Net Credit Sales/Avg. Debtors
Creditor turnover ratio = Net Credit Purchases/Avg. Creditors
Fixed asset turnover ratio = Net Sales/Avg. Fixed Assets
Total asset turnover ratio = Net Sales/Avg. Total Assets
VALUATION RATIOS
Earnings per share = (PAT-Pref. Div.)/N
Dividend payout ratio = Dividend per share/Earnings per share
Price earnings ratio = Market price per share/Earnings per share
Price to book value ratio = Market price per share/Book value per share
COMPREHENSIVE RATIOS
Du-Point Analysis = Integrated analysis of ratios
MENT OF TATA STEEL LTD.
Mar-18 Mar-17 Mar-16 Mar-15 Mar-14
60519.37 53260.96 42697.44 46577.26 46309.34

902.55 5267.94 4428.77 4792.26 4598.31
59616.82 47993.02 38268.67 41785 41711.03 assumed to be c
763.66 414.46 391.16 2672.03 787.64
-545.36 1329.65 -70.75 715.94 155.18
59835.12 49737.13 38589.08 45172.97 42653.85
17524.84 13377.96 10691.55 12366.92 10030.34

2925.2 2880.92 2545.82 2704.42 2772.31
4918.54 4605.13 4319.89 4601.92 3673.08
8870.77 7860.9 6776.01 6284.91 6547.62
7027.64 6597.22 5009.39 4679.15 4654.46
5728.46 3045.49 3491.64 2639.91 2543.18
336.66 217.52 598.89 586.69 1029.92
46658.79 38150.1 32235.41 32690.54 29191.07
13176.33 11587.03 6353.67 12482.43 13462.78
2810.62 2688.55 1848.05 1975.95 1820.58
10365.71 8898.48 4505.62 10506.48 11642.2
3727.46 3541.55 2962.28 1997.59 1928.7
6638.25 5356.93 1543.34 8508.89 9713.5
1586.78 1400.54 1193.28 1791.39 3098.02
0 0 0 0 0
881.92 511.84 -605.59 278.38 203.29
4169.55 3444.55 955.65 6439.12 6412.19
-1956.6 -456.1 -325.49 1709.11 10.44
6126.15 3900.65 1281.14 4730.01 6401.75
3221.01 -462.42 3044.51 -303.46 968.94
12280.91 10075.75 6852.56 29430.58 24616.17
0 0 0 0 0
971.22 776.97 776.97 1573.9 2566.72
18700.25 12280.91 10075.75 33992.34 29430.58
0 0 0 776.97 971.21
0 0 0 0 0
100 100 80 80 100
36.38 35.46 9.84 66.29 65.33
36.38 33.78 9.38 63.16 62.24
535.82 472.56 480.1 686.26 629.48
10 10 8 8-
EET OF TATA STEEL LTD
Mar 2018 Mar 2017 Mar 2016 Mar 2015 Mar 2014
1146.12 971.41 971.41 971.41 971.41

60368.7 48687.59 45665.97 65692.48 60176.58
0 0 0 0 0
2275.02 0.01 2275 0 0
63789.84 49659.01 48912.38 66663.89 61147.99
2528.86 2435.03 2360.37 2232.64 2125.55
25596.94 25849.6 28483.14 25965.8 25791.71
28125.8 28284.63 30843.51 28198.44 27917.26
91915.64 77943.64 79755.89 94862.33 89065.25
84681.58 81823.38 55808.43 42583.38 39644.05

12913.89 9217.62 5682.58 17333.61 15240.76
38.61 38.61 37.46 1.25 137.54
71729.08 72567.15 50088.39 25248.52 24265.75
0 0 0 0 0
5673.27 6163.96 28205.88 23036.67 18509.4
0 0 0 0 0
24276.93 13665.71 11785.42 53164.32 54661.8
11023.41 10236.85 7137.38 8042 6007.81

1875.63 2006.52 1133.17 491.46 770.81
4696.74 970.31 1036.13 478.59 961.16
2407.76 1586.91 1321.57 1982.43 1481.58
20003.54 14800.59 10628.25 10994.48 9221.36
20861.15 18299.75 12802.36 10795.7 12869.8

1189.34 1166.32 1013.22 1675.41 1902.81
22050.49 19466.07 13815.58 12471.11 14772.61
-2046.95 -4665.48 -3187.33 -1476.63 -5551.25
0 0 0 0 0
7223.77 6714.48 5158.36 1674.67 1566.11
13482.86 12825.75 10769.06 3925.08 3605.09
-6259.09 -6111.27 -5610.7 -2250.41 -2038.98
93373.24 81620.07 81281.66 97722.47 89846.72
24083.82 22165.31 21085.56 7977.62 6349.8
2019 2018 2017 2016 2015

-5985.26 -2046.95 -4665.48 -3187.33 -1476.63
0.73450021004 0.90716986334544 0.76032758538318 0.76929452111 0.88159594455
0.235225256916 0.407253081450798 0.23444588455708 0.25267632629 0.23674556635
0.031854598492 0.212999348313802 0.04984621960159 0.07499721329 0.03837589437
0.408381526614 0.440913474622291 0.56957700123301 0.63058698023 0.42299421771

0.70864023255 0.683170467255929 0.6084166553643 0.60176403878 0.6821756552
8.093905609191 4.68805103500295 4.30976920644957 3.43804009632 6.31717907842
3.534547953764 3.48171113785865 3.06850623895545 0.25931156392 4.56550959344
0.283670989854 0.173872239411629 0.18541196198947 0.11773651919 0.25144142635

0.149172696323 0.069939154755319 0.07177189516309 0.02497212472 0.1541012325
0.261551329316 0.252344509787687 0.2854333949718 0.10870550222 0.08896963226
0.144826509002 0.065363857316463 0.06936404894097 0.01953799836 0.09659082301
2018 2017 2016 2015 2014

3.457300791113 2.91029460599259 3.15021730459422 3.58905567948 3.52985129336
36.81561875708 24.7249694112798 24.3773557262023 51.4394046644 66.0889191694
1.519664546371 1.13813040779702 1.14695831697638 2.66814610148 1.08526139906
0.747807197445 0.684689360477035 0.55674496986279 0.53100302831 0.49847857841
0.608316244997 0.548512625996959 0.46983749036919 0.46686073668 0.44475353335
2019 2018 2017 2016 2015

91.9 36.38 35.46 9.84 66.29
0.141458106638 0.274876305662452 0.2820078962211 0.81300813008 0.12068185247
5.108813928183 15.6968114348543 12.9695431472081 48.9837398374 4.52888821843
0.764359208127 1.06574969206077 0.97320975114271 1.00395750885 0.43747267799
2018 2017 2016 2015 2014

0.056153641402 0.055424398403879 0.01937388044251 0.10046835756 0.10046040309
assumed to be credit sales
2015 2016 2017 2018 2019 2014

Opening Stock of Raw Materials 2,035.78 3,265.19 2,368.61 3,898.99 4,953.20 1,685.99
Purchases of Raw Material 12,908.01 8,803.43 14,027.16 17,931.84 19,383.47 10,027.50
Closing Stock of Raw Materials 3,265.19 2,368.61 3,898.99 4,953.20 4,496.38 2,035.78
NET CREDIT PURCHASES 11,678.60 9,700.01 12,496.78 16,877.63 19,840.29 9,677.71
tax rate 0.388057742 0.239036 0.261445 0.77318 0.210532
CALCULATION OF COGS
Particulars Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Mar-14
Raw Matertials 21648.14 17524.84 13377.96 10691.55 12366.92 10030.34
employee cost 5166.4 4918.54 4605.13 4319.89 4601.92 3673.08
depreciation 3802.96 3727.46 3541.55 2962.28 1997.59 1928.7
othr manufacturing expenses 9861.44 8870.77 7860.9 6776.01 6284.91 6547.62
power and fuel 3033.34 2925.2 2880.92 2545.82 2704.42 2772.31
total 43512.28 37966.81 32266.46 27295.55 27955.76 24952.05
add: opening stock in progress 6.77 5.88 18.3 44.32 35.99 2098.22
less: Closing Stock in progree 14.54 6.77 5.88 18.3 44.32 2252.13
cost of production 43504.51 37965.92 32278.88 27321.57 27947.43 24798.14
add: opening finished stock 3658.26 4204.51 2862.44 2907.17 2218.21 0.8
less: Closing finished stock 4204.82 3658.26 4204.51 2862.44 2925.82 2.07
Cost of goods Sold 42957.95 38512.17 30936.81 27366.3 27239.82 24796.87

Market Price per Share
2019 2018 2017 2016 2015

market price per share 469.5 571.05 459.9 482 300.22
Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-14

sundry creditors 7,723.03 6,196.88 10,717.44 11,242.75 10,969.56 10,111.77
Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Mar-14

fixed assets 86074.66 73369.7 66819.48 70653.41 86727.99 80625.36
Mar 2019 Mar 2018
Particulars
( ).Cr ( ).Cr
SOURCES OF FUNDS :
Share Capital 4130.53 4130.53
Reserves Total 34021.04 31583.14
Equity Share Warrants 0 0
Equity Application Money 0 0
Total Shareholders Funds 38151.57 35713.67
Secured Loans 32422.83 30180.65
Unsecured Loans 12747.21 15228.07
Total Debt 45170.04 45408.72
Total Liabilities 83321.61 81122.39
Gross Block 101456.63 95519.44
Less : Accumulated Depreciation 40097.42 36907.89
Less:Impairment of Assets 0 0
Net Block 61359.21 58611.55
Lease Adjustment 0 0
Capital Work in Progress 16013.5 18395.43
Producing Properties 0 0
Investments 1584.75 1491.3
Inventories 19689.23 17248.28
Sundry Debtors 4495.05 3869.94
Cash and Bank 219.42 254.06
Loans and Advances 8081.53 8469.77
Total Current Assets 32485.23 29842.05
Current Liabilities 24992.34 25535.04

Provisions 2556.2 2555.79
Total Current Liabilities 27548.54 28090.83
Net Current Assets 4936.69 1751.22
Miscellaneous Expenses not written off 0 0
Deferred Tax Assets 13055.73 13220.31

Deferred Tax Liability 10157.35 9035.04
Net Deferred Tax 2898.38 4185.27
Total Assets 86792.53 84434.77
Contingent Liabilities 28278.31 26767.63
INCOME STATEMENT OF SAIL
Particulars Mar 2019 Mar 2018
( ).Cr ( ).Cr
INCOME :
Sales Turnover 66967.31 58962.36
Excise Duty 0 1403.9
Net Sales 66967.31 57558.46
Other Income 532.82 1315.19
Stock Adjustments 2716.62 -1135.49
Total Income 70216.75 57738.16
EXPENDITURE :
Raw Materials 32290.91 26678.81
Power & Fuel Cost 6181.81 5925.63
Employee Cost 8931.06 9104.27
Other Manufacturing Expenses 5745.47 4914.11
Selling and Administration Expenses 5743.85 4510.44
Miscellaneous Expenses 1446.12 1476.17
Less: Pre-operative Expenses Capitalised 0 0
Total Expenditure 60339.22 52609.43
Operating Profit 9877.53 5128.73
Interest 3154.92 2822.75
Gross Profit 6722.61 2305.98
Depreciation 3384.72 3064.92
Profit Before Tax 3337.89 -758.94
Tax 0 0
Fringe Benefit tax 0 0
Deferred Tax 1159.07 -277.23
Reported Net Profit 2178.82 -481.71
Extraordinary Items -284.36 -46.37
Adjusted Net Profit 2463.18 -435.34
Adjst. below Net Profit 214.62 177.53
P & L Balance brought forward 23898.88 24570.11
Statutory Appropriations 0 0
Appropriations -346.55 367.05
P & L Balance carried down 26638.87 23898.88
Dividend 0 0
Preference Dividend 0 0
Equity Dividend % 5 0
Earnings Per Share-Unit Curr 5.27 0
Earnings Per Share(Adj)-Unit Curr 5.27 0
Book Value-Unit Curr 92.36 86.46
Dividend per share 0.5 0
LIQUIDITY RATIOS 2019 2018
NET WORKING CAPITAL= Current Assets- Current Liabilities
SAIL Bhilai 4936.69 1751.22
CURRENT RATIO= Current Assets/ Current Liabilities

SAIL Bhilai 1.17919969624525 1.0623413406
QUICK RATIO= (CA- Inventories)/CL

SAIL Bhilai 0.511996875842758 0.4931956245
CASH RATIO= Cash and Cash Equilants/ Current Liabilities

SAIL Bhilai 0.007964850405865 0.0090442326
LEVERAGE RATIOS 2019 2018

Debt Equity Ratio= Long term debt / Shareholders' Equity
SAIL Bhilai 1.18396280939421 1.2714660801
Proprietary Ratio=Net Worth/Total Assets

SAIL Bhilai 0.039990999225394 0.0392300471
Interest Coverage Ratio=EBIT/ Interest(I)

SAIL Bhilai 3.13083374538816 1.8169267558
DEBT SERVICE COVERAGE RATIO = EBITDA*(1-t)/ [I + (Loan

repayment instalment/(1-t)]
SAIL Bhilai
PROFITABILITY RATIOS 2019 2018

Gross Profit Margin=Gross Profit/Net Sales
SAIL Bhilai 0.100386442280569 0.0400632678
Net Profit Margin= PAT/Net Sales

SAIL Bhilai 0.04984357293133 -0.0131855508
Return on Investment= Net Profit/Total Investment

SAIL Bhilai 1.55430194036914 -0.2919198015
Return on Equity= PAT/Net Worth

SAIL Bhilai 0.627735585954157 -0.1454271551
Mar 2017 Mar 2016 Mar 2015 Mar 2014
( ).Cr ( ).Cr ( ).Cr
4130.53 4130.53 4130.53 4130.53

31878.53 35065.37 39374.25 38535.82
0 0 0 0
0 0 0 0
36009.06 39195.9 43504.78 42666.35
18416.09 16134.04 17113.71 11765.05
22979.56 18845.75 12784.02 13516.35
41395.65 34979.79 29897.73 25281.4
77404.71 74175.69 73402.51 67947.75
84565.79 77753.7 65205.37 54168.36

34280.32 31828.63 29036.76 27397.71
0 0 0 0
50285.47 45925.07 36168.61 26770.65
0 0 0 0
23275.39 24927.22 29195.82 33650.54
0 0 0 0
1395.48 1292.63 919.07 720.2
15939.51 14903.75 17950.57 15403.86

2921.69 3143.49 3192 5482.28
289.09 297.96 2305.24 2855.95
6611.35 6077.67 5249.66 3330.49
25761.64 24422.87 28697.47 27072.58
21096.95 18546.25 15945.9 14669.15

3147.45 2878.77 2853.89 2224.99
24244.4 21425.02 18799.79 16894.14
1517.24 2997.85 9897.68 10178.44
0 0 0
0
11496.41 7947.39 2131.42 1487.33
7490.57 6147.59 4526.61 3527.79
4005.84 1799.8 -2395.19 -2040.46
80479.42 76942.57 73785.99 69279.37
36905.46 32583.01 24276.18 20044.45
F SAIL
Mar 2017 Mar 2016 Mar 2015 Mar 2014
( ).Cr ( ).Cr ( ).Cr ( ).Cr
49767.1 43875.17 51148.96 52319.85

5314.69 5128.69 5418.6 5677.29
44452.41 38746.48 45730.36 46642.56 all sales is assued to be credit
535.61 594.67 998.59 2021.5
-120.63 -540.61 1408.12 -894.63
44867.39 38800.54 48137.07 47769.43
21125.7 17155.23 18523.38 19271.94

5354.95 5333.87 5585.88 5036.65
9164.57 9715.12 9736.35 9578.52
4972.42 4315.88 5087.55 4607.77
3117.28 3273.5 3150.95 2804.25
775.56 1311.79 466.54 561.42
0 0.15 0 0
44510.48 41105.24 42550.65 41860.55
356.91 -2304.7 5586.42 5908.88
2527.82 2300.45 1454.23 967.64 2019
-2170.91 -4605.15 4132.19 4941.24 TAX RATE 0
2679.95 2402.35 1773.28 1716.69
-4850.86 -7007.5 2358.91 3224.55
0 -76.51 -16.53 276.1
0 0 0 0
-2017.62 -2909.55 282.76 331.97
-2833.24 -4021.44 2092.68 2616.48
-264.91 -60.74 82.21 729.04
-2568.33 -3960.7 2010.47 1887.44
-356.62 -305.76 -264.7 0
28283.65 33051.93 32360.1 31215.42
0 0 0 0
523.68 441.08 1182.56 1471.8
24570.11 28283.65 33005.52 32360.1
0 0 826.1 834.35
0 0 0 0
0 0 20 20.2
0 0 4.67 5.99
0 0 4.67 5.99
87.18 94.89 105.32 103.3
0 0 2 2.02
2017 2016 2015
1517.24 2997.85 9897.68
1.0625810496 1.1399228565 1.526478221
0.4655710897 0.5132638674 0.673960078
0.0119239907 0.0139071049 0.122620519
2017 2016 2015
1.1495898532 0.892434923 0.687228622
0.0382049225 0.0359603273 0.005197193
0.1411928064 -1.001847465 3.841496875
2017 2016 2015
-0.048836722 -0.118853377 0.090359883
-0.109124792 -0.180855138 0.051583018
-1.840463496 -3.064063189 2.18750476
-0.921465764 -1.453420459 5.457077292

CALCULATION OF COGS
PARTICULARS 2019 2018 2017 2016 2015
RAW MATERIAL 32290.91 26678.81 21125.7 17155.23 18523.38
EMPLOYEE COST 8931.06 9104.27 9164.57 9715.12 9736.35
DEPRECIATION 3384.72 3064.92 2679.95 2402.35 1773.28
OTHR MNF.EXPENSES 5745.47 4914.11 4972.42 4315.88 5087.55
POWER AND FUEL COST 6181.81 5925.63 5354.95 5333.87 5585.88
TOTAL 56533.97 49687.74 43297.59 38922.45 40706.44
ADD: OPENING STOCK IN PROGRESS 3212.72 3985 4395.1 3507.51 2437.42

LESS: CLOSING STOCK IN PROGRESS 3395.76 3212.72 3984.98 4704.25 3312.8
COST OF PRODUCTION 56350.93 50460.02 43707.71 37725.71 39831.06
ADD: OPENING FINISHED STOCK 4430.95 5822.05 5545.82 7107.87 6534.1

LESS: CLOSING FINISHED STOCK 6964.53 4430.95 5822.07 5236.67 7302.58
COST OF GOODS SOLD 53817.35 51851.12 43431.46 39596.91 39062.58
particulars 2015 2016 2017 2018 2019

opening stock of raw materials 3,529.44 4,332.18 2,741.32 4,039.67 7,168.56
purchase of raw materials 23,015.65 19,287.86 25,813.59 33,583.81 36,342.69
clossing stock of raw materials 4,341.99 2,741.32 4,039.67 7,168.56 6,105.52
total credit purchases 22,203.10 20,878.72 24,515.24 30,454.92 37,405.73
sundry creditors 5,853.30 6,049.52 7,749.90 11,242.33 10,856.17
2019 2018 2017 2016 2015

fixed assets 81855.84 82683.55 78962.18 73944.72 63888.31
2019 2018 2017 2016 2015

market price share 42.15 70.2 61.3 45.25 68.9
2018 2017 2016 2015
0 0 0.010918 -0.007007
BALANCE SHEET
Particulars
( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
SOURCES OF FUNDS :
Share Capital 301 497 301 300.9 1067.19
Reserves Total 34861 27605 23797 20109.35 24657.41
Equity Share Warrants 0 0 0 0 0
Equity Application Money 0 0 0 0 0
Total Shareholders Funds 35162 28102 24098 20410.25 25724.6
Secured Loans 14201 14942 16355 17056.11 17244.7
Unsecured Loans 27736 21044 21918 18601.46 10889.41
Total Debt 41937 35986 38273 35657.57 28134.11
Total Liabilities 77099 64088 62371 56067.82 53858.71
Gross Block 61356 58347 56039 49387.57 53824.71
Less : Accumulated 11939 8779 5773 2827.64 15255.32
Depreciation
Less:Impairment of Assets 0 0 0 0 0
Net Block 49417 49568 50266 46559.93 38569.39
Lease Adjustment 0 0 0 0 0
Capital Work in Progress 9921 3392 3027 6439.32 7789.86
Producing Properties 0 0 0 0 0
Investments 6277 4878 5050 4764.03 4197.28
Inventories 10599 10082 9270 6741.74 8584.74
Sundry Debtors 6746 4692 3948 2510.71 2026.83
Cash and Bank 5680 601 1027 598.54 1795.06
Loans and Advances 4984 3878 3253 3612.6 6617.33
Total Current Assets 28009 19253 17498 13463.59 19023.96
Less : Current Liabilities and
Provisions
Current Liabilities 18965 18112 16047 16180.33 17420.62
Provisions 244 463 166 105.67 353.6
Total Current Liabilities 19209 18575 16213 16286 17774.22
Net Current Assets 8800 678 1285 -2822.41 1249.74
Miscellaneous Expenses not 0 0 0 0 0
written
DeferredoffTax Assets 6694 7538 8185 2635.92 2256.68
Deferred Tax Liability 9964 9609 9514 2156.38 5223.27
Net Deferred Tax -3270 -2071 -1329 479.54 -2966.59
Total Assets 71145 56445 58299 55420.41 48839.68
Contingent Liabilities 4255 2936 3794 5641.89 4059.8
INCOME STATEMENT
Particulars
( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
INCOME :
Sales Turnover 76727 67723 56913 40858.96 50393.31
Excise Duty 0 1259 4623 4152.04 4305.99
Net Sales 76727 66464 52290 36706.92 46087.32
Other Income 519 213 255 318.3 466.77
Stock Adjustments 188 -412 1390 -1083.56 1666.93
Total Income 77434 66265 53935 35941.66 48221.02
EXPENDITURE :
Raw Materials 40087 37058 29345 18916.04 27731.24
Power & Fuel Cost 5746 4771 4097 3093.12 3475.67
Employee Cost 1400 1260 1168 953.29 946.83
Other Manufacturing Expenses 9003 7755 6221 5039.73 5682.11
Selling and Administration 462 174 224 188.9 199.98
Expenses
Miscellaneous Expenses 1814 1527 1081 6923.88 1243.08
Less: Pre-operative Expenses 0 0 0 0 0
Capitalised
Total Expenditure 58512 52545 42136 35114.96 39278.91
Operating Profit 18922 13720 11799 826.7 8942.11
Interest 3708 3591 3643 3218.73 2908.69
Gross Profit 15214 10129 8156 -2392.03 6033.42
Depreciation 3397 3054 3025 2847.24 2784.5
Profit Before Tax 11817 7075 5131 -5239.27 3248.92
Tax 2348 1578 -53 6.71 0
Fringe Benefit tax 0 0 0 0 0
Deferred Tax 1210 872 1607 -1716.31 1082.44
Reported Net Profit 8259 4625 3577 -3529.67 2166.48
Extraordinary Items -9.78 -243.18 -87.91 -5850.62 -124.12
Adjusted Net Profit 8268.78 4868.18 3664.91 2320.95 2290.6
Adjst. below Net Profit -159 -28 -11 -1.72 -47.29
P & L Balance brought forward 7571 3337 -11 4092.75 3744.93
Statutory Appropriations 0 0 0 0 0
Appropriations 994 363 218 568.33 634.92
P & L Balance carried down 14677 7571 3337 -6.97 5229.2
Dividend 0 0 0 0 265.89
Preference Dividend 0 0 0 0 27.9
Equity Dividend % 410 320 225 75 110
Earnings Per Share-Unit Curr 27.44 15.31 11.88 0 68.66
Earnings Per Share(Adj)-Unit Curr 27.44 15.31 11.88 0 6.87
Book Value-Unit Curr 116.82 92.41 80.06 678.31 824.45
Mar 2014
( ).Cr LIQUIDITY RATIOS
Net Working Capital
1067.19 Current Ratio
23216.99 Quick Ratio
0 Cash Ratio
0
24284.18 LEVERAGE RATIOS
18786.04 Debt Equity Ratio
8398.39 Proprietary Ratio
27184.43 Interest Coverage Ratio
51468.61 Debt Service Coverage Ratio
49703.28 PROFITABILITY RATIOS

12408.2
Gross Profit Margin
0 Net Profit Margin
37295.08 Return on Investment
0 Return on Equity
6857.47
0 ACTIVITY RATIOS
4380.55 Inventory turnover ratio
Debtor turnover ratio
6196.57 Creditor turnover ratio
2218.74 Fixed asset turnover ratio
465.72 Total asset turnover ratio
6050.08
14931.11 VALUATION RATIOS
Earnings per share
14197.77 Dividend payout ratio
343.72 Price earnings ratio
14541.49 Price to book value ratio
389.62
0 COMPREHENSIVE RATIOS
2920.12 Du-Point Analysis
4828.63
-1908.51
47014.21
6716.03 ADDITIONAL RATIOS
Book Value per share
Average Collection Period ( days )
Mar 2014 Average Payment Period ( days )
( ).Cr
Note :
49295.43 Number of ordinary shares outstanding= N
3997.71
45297.72 TOTAL NO OF SHARES
331.05 Tax Rate
244.1
45872.87
Raw Material
27200.63 Employee Cost
3313.64 Depreciation
799.58 Other mfg. expenses
4717.03 Power & Fuel Cost
166.08
2254.57 Add: Opening Inventory

0 Less: Closing Inventory
38451.53
7421.34 Cost of Goods Sold
2740.13 Market price per share
4681.21 Net Purchases
2725.88 Sundry Creditors
1955.33 Fixed Assets
0
0
620.82
1334.51
-791.21
2125.72
-341.95
3306.02
0
553.65
3744.93
287.66
27.9
110
41.51
4.15
776.87
2019 2018 2017 2016
= Current Assets (CA)-Current Liabilities (CL) 8800 678 1285 -2822.41
= CA/CL 1.4581186 1.0365007 1.0792574 0.8266972
= (CA-Inventories)/CL 0.906346 0.4937281 0.507494 0.4127379
= (Cash and Cash Equivalent)/CL 0.2956947 0.0323553 0.0633442 0.0367518
= Long term debt / Shareholders' Equity 1.1926796 1.2805494 1.5882231 1.7470423

= Net Worth/Total Assets 0.4942301 0.4978652 0.4133519 0.3682804
= EBIT/ Interest(I) 3.1868932 1.9702033 1.4084546 -1.627744
= EBITDA*(1-t)/ [I + (Loan repayment instalment/(1-t)] 4.0890667 2.9685065 3.2722691 0.2571694
= Gross Profit/Net Sales

0.1982874 0.1523983 0.1559763 -0.065166
= PAT/Net Sales 0.1076414 0.0695865 0.068407 -0.096158
= EBIT*(1-t)/Total Assets 0.1330944 0.0973868 0.0889209 -0.094658
= PAT/Net Worth 0.2348843 0.164579 0.1484356 -0.172936
2018 2017 2016 2015

= COGS/Avg. Stocks 7.4200474 6.8689541 6.5314575 4.7900001
= Net Credit Sales/Avg. Debtors 13.416157 15.385185 16.192088 16.179216
= Net Credit Purchases/Avg. Creditors 5.9000291 6.3471047 5.6488234 2.6681461
= Net Sales/Avg. Fixed Assets 0.1667165 1.1189791 0.8385543 0.7226607
= Net Sales/Avg. Total Assets 1.2027118 1.1584745 0.9196319 0.7041413
= (PAT-Pref. Div.)/N 27.44 15.31 11.88 0

= Dividend per share/Earnings per share 0 0 0 0
= Market price per share/Earnings per share 10.679665 18.821032 15.900673 0
= Market price per share/Book value per share 2.5085602 3.118169 2.3594804 0.1891908
= Integrated analysis of ratios 0.2619459 0.1619198 0.1521929 -0.183852
= Net Worth/N 116.8235 93.025215 80.034733 0

360/ Debtor Turnover Ratio 26.833318 23.399133 22.233081 22.250769
360/ Creditor Turnover Ratio 61.016649 56.718775 63.730086 134.92515
300.983965014577 302.09014 301.09428 0 31.553743
0.198696792756199 0.2230389 -0.010329 -0.001281 0
2019 2018 2017 2016 2015

40087 37058 29345 18916.04 27731.24
1400 1260 1168 953.29 946.83
3397 3054 3025 2847.24 2784.5
9003 7755 6221 5039.73 5682.11
5746 4771 4097 3093.12 3475.67
10082 9270 6741.74 8584.74 6196.57

10599 10082 9270 6741.74 8584.74
59116 53086 41327.74 32692.42 38232.18

293.05 288.15 188.9 128.33 90.66
40604 37870 31873.26 17073.04 30119.41
6,696.00 7,068.00 4,865.00 6,419.92 6,377.76
43136 37192 40801 41956.82 29815.72
2015
1249.74
1.0703119
0.5873237
0.1009923
1.0936656
0.5267152
1.1169702
3.074274
0.1309128
0.0470082
0.0665221
0.0842182
2014
6.2358911
21.710781
4.8719526
0.9807699
0.9616161
67.775794
3.923082
1.3376457
0.1099642
0.0858221
815.26302
16.581624
73.892344
32.149121
0
5,986.65
32083.1
Year Mar 14 Mar 15 Mar 16
SOURCES OF FUNDS :
Share Capital + 91.49 91.49 91.49
Reserves Total + 12972.84 12419.72 22974.18
Equity Share Warrants 0 0 0
Equity Application Money 0 0 0
Total Shareholders Funds 13064.33 12511.21 23065.67
Secured Loans + 14280.9 19167.96 19517.48
Unsecured Loans + 10088.34 9145.26 6224.39
Total Debt 24369.24 28313.22 25741.87
Other Liabilities+ 284.63 276.41 318.51
Total Liabilities 37718.2 41100.84 49126.05
Gross Block + 24215.95 34784.23 45153.52
Less : Accumulated Depreciation + 5956.62 7569.15 2130.21
Less:Impairment of Assets 0 0 0
Net Block + 18259.33 27215.08 43023.31
Lease Adjustment 0 0 0
Capital Work in Progress+ 11663.17 3563.12 5685.74
Producing Properties 0 0 0
Investments + 1350.52 2486.96 1476.94
Inventories + 3936.25 3720.03 2439.06
Sundry Debtors + 1460.96 1321.27 830.86
Cash and Bank+ 762 288.97 331.94
Loans and Advances + 3816.96 5257.81 5843.51
Total Current Assets 9976.17 10588.08 9445.37
Current Liabilities + 3820.41 3317.92 6979.5
Provisions + 323.75 92.88 38.47
Total Current Liabilities 4144.16 3410.8 7017.97
Net Current Assets 5832.01 7177.28 2427.4
Miscellaneous Expenses not written off + 0 0 0
Deferred Tax Assets 354.99 2142.49 4623.01
Deferred Tax Liability 1700.45 3801.08 9075.74
Net Deferred Tax -1345.46 -1658.59 -4452.73
Other Assets+ 1958.63 2316.99 965.39
Total Assets 37718.2 41100.84 49126.05
Contingent Liabilities+ 12730.9 11215.04 12546.94
https://www.capitaline.com
PROFIT AND LOSS STATEMENT OF JINDAL STEEL AND POWER

Year Mar 14 (12) Mar 15 (12) Mar 16 (12)
INCOME :
Sales Turnover + 15018.2 14651.73 15767.16
Excise Duty 1191.91 1261.38 1996.9
Net Sales 13826.29 13390.35 13770.26
Other Income + 391.2 482.88 23.47
Stock Adjustments + -386.03 153.72 -296.53
Total Income 13831.46 14026.95 13497.2
EXPENDITURE :
Raw Materials + 4606.83 4656.25 5312.35
Power & Fuel Cost+ 885.71 1263.89 2193.76
Employee Cost + 545.3 650.52 553.82
Other Manufacturing Expenses + 3006.03 2747.91 2181.46
Selling and Administration Expenses + 704.87 584.52 389.17
Miscellaneous Expenses + 438.27 1435.58 402.09
Less: Pre-operative Expenses Capitalised+ 717.73 709.02 0
Total Expenditure 9469.28 10629.65 11032.65
Operating Profit 4362.18 3397.3 2464.55
Interest + 1540.1 2251.15 2646.48
Gross Profit 2822.08 1146.15 -181.93
Depreciation+ 1221.44 1785.56 2148.14
Profit Before Tax 1600.64 -639.41 -2330.07
Tax+ 178.19 -698.26 0
Fringe Benefit tax+ 0 0 0
Deferred Tax+ 130.5 369.53 -911.54
Reported Net Profit 1291.95 -310.68 -1418.53
Extraordinary Items + -5.98 -349.06 23.47
Adjusted Net Profit 1297.93 38.38 -1442
Adjst. below Net Profit + -375.84 -106.57 -237.54
P & L Balance brought forward 9884.71 10385.18 21768.51
Statutory Appropriations 0 0 0
Appropriations + 415.64 212.54 0
P & L Balance carried down 10385.18 9755.39 20112.44
Dividend 137.23 0 0
Preference Dividend 0 0 0
Equity Dividend % 150 0 0
Dividend Per Share(Rs) 1.5 0 0
Earnings Per Share-Unit Curr 14.11 0 0
Earnings Per Share(Adj)-Unit Curr 14.11 0 0
Book Value-Unit Curr 142.8 136.75 252.11
Book Value(Adj)-Unit Curr 142.8 136.75 252.11
Liquidity Ratio 2019 2018 2017
NET WORKING CAPITAL 626.71 2892.65 3389.52
CURRENT RATIO 1.07125696555 1.42419136527545 1.622763292551
Quick Ratio 0.6286021600738 0.969756027457726 1.2760665183337
Cash Ratio 0.0114609662004 0.018493344536977 0.0268561066087
Leverage Ratio 2019 2018 2017

Debt Equity Ratio 0.8736686511245 1.0170077428775 1.1635512859388
Proprietary Ratio 0.5017481085892 0.46481961559106 0.4362291755392
Interest Coverage Ratio 1.5999392214825 1.51769232377726 1.252441931514
Debt Service Coverage Ratio 1.4577243331699 0.990460059453032 0.9115557024461
Profitability Ratio 2019 2018 2017

Gross Profit Margin 0.0623500493301 0.070117086494242 0.0406023321755
Net Profit Margin -0.009435340284 -0.020482631310937 -0.068270357398
Return on investments 0.0804132443258 0.048401592078194 0.0381504642132
Return on equity -0.011659281125 -0.015865264805709 -0.045320267203
Corporate tax rate 0.22 0.346 0.346
Valuation Ratio 2019 2018 2017

Dividend per share 0 0 0
Dividend payout ratio 0 0 0
Price Earnings ratio 0 0 0
Price to book value ratio 0.6923275084797 0.68403839619436 0.8619892382714
Activity Ratio 2014 2015 2016

Inventory Turnover Ratio 2.7906267795849 3.55112524739856 5.8910456007009
Debtor turnover ratio 9.9389985730871 12.4438114797898 16.916157881159
Creditor turnover ratio 2.2132153910583 2.26036059792866 2.1326528681105
Fixed asset turnover ratio 0.4746833693847 0.381527105666854 0.3378543293853
Total asset turnover ratio 0.3508362953926 0.296815062560618 0.2759749226303
Mar 17 Mar 18 Mar 19
91.5 96.79 96.79

21674.7 22690.97 22446.97
0 4.8 4.8
0 0 0
21766.2 22792.56 22548.56
20865.29 19738.57 17137.41
4460.8 3441.64 2562.56
25326.09 23180.21 19699.97
3575.22 3611.17 3262.17
50667.51 49583.94 45510.7
45697.42 51779.46 52782.51

4221.54 6143.03 8419.79
0 0 0
41475.88 45636.43 44362.72
0 0 0
7529.23 2689.29 1624.12
0 0 0
1485.25 1490.36 1692.92
1886.97 3098.89 3893.18

797.2 794.31 903.6
146.17 126.11 100.8
6001.89 5692.55 4524.2
8832.23 9711.86 9421.78
5404.16 6787.85 8751.4

38.55 31.36 43.67
5442.71 6819.21 8795.07
3389.52 2892.65 626.71
0 0 0
5245.3 5886.07 5973.15
9228.93 9559.52 9339.62
-3983.63 -3673.45 -3366.47
771.26 548.66 570.7
50667.51 49583.94 45510.7
11059.92 11634.99 11009.76
L AND POWER
Mar 17 (12) Mar 18 (12) Mar 19 (12)
16094.68 18112.34 27863.33
1645.51 457.87 0
14449.17 17654.47 27863.33
8.88 0 14.45
-332.3 279.21 109.71
14125.75 17933.68 27987.49
5158.69 7116.57 13027.28

2343.35 2841.9 3423.24
531.6 525.18 619.77
2097.37 2819.97 3547.88
713.66 813.49 1011.42
370.43 776.84 1872.22
0 589.3 147.36
11215.1 14304.65 23354.45
2910.65 3629.03 4633.04
2323.98 2391.15 2895.76
586.67 1237.88 1737.28
2043.65 1909.66 2307.06
-1456.98 -671.78 -569.78
0 0 0
0 0 0
-470.53 -310.17 -306.88
-986.45 -361.61 -262.9
0.85 -344.98 -1398.92
-987.3 -16.63 1136.02
-163.1 -198.41 -215.14
20112.44 18962.89 18402.87
0 0 0
0 0 0
18962.89 18402.87 17924.83
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
237.88 235.44 232.91
237.88 235.44 232.91
2016 2015 2014
2427.4 7177.28 5832.01
1.3458834962247 3.104280520699 2.40728398517
0.9983385508915 2.013618505922 1.45745338018
0.0472985777939 0.084722059341 0.18387320953
2016 2015 2014

1.1160252444434 2.263028116385 1.865326427
0.4789317671311 0.322588139135 0.36533800602
0.9312558568363 1.509139773005 2.83240049347
0.7453046638515 0.984451643109 1.62677558493
2016 2015 2014

-0.0132118057321 0.085595223426 0.20410970694
-0.1030140316886 -0.02320178337 0.09344155229
0.0334674753211 0.057287613272 0.08173086533
-0.0614996225993 -0.02483213055 0.0988914089
0.346 0.346 0.33
2016 2015 2014

0 0 1.5
0 0 0.10630758327
0 0 0
0.2744833604379 0.675685557587 0
2017 2018
5.033354326034 4.277766097879
18.157812392005 20.79553097632
1.6628926157068 2.17904375967
0.3536809903049 0.464829846895
0.2882585738161 0.371303156519
Particulars 2014 2015 2016 2017 2018 2019
Raw Materials + 4606.83 4656.25 5312.35 5158.69 7116.57 13027.28
Power & Fuel Cost+ 885.71 1263.89 2193.76 2343.35 2841.9 3423.24
Employee Cost + 545.3 650.52 553.82 531.6 525.18 619.77
Other Manufacturing Expenses + 3006.03 2747.91 2181.46 2097.37 2819.97 3547.88
Depreciation+ 1221.44 1785.56 2148.14 2043.65 1909.66 2307.06
TOTAL 10265.31 11104.13 12389.53 12174.66 15213.28 22925.23
add: Opening WIP 192.93 94.35 147.24 309.63 265.01 251.57

less:closing WIP 94.35 147.24 309.63 265.01 251.57 274.83
Cost of Production 10363.89 11051.24 12227.14 12219.28 15226.72 22901.97
add: opening finished goods 1,440.50 1,121.48 1,236.87 721.59 393.07 664.57
less:closing finished goods 1,121.48 1,236.87 721.59 393.07 664.57 750.98
Cost of goods sold (COGS) 10,682.91 10,935.85 12,742.42 12,547.80 14,955.22 22,815.56
Inventories + 3936.25 3720.03 2439.06 1886.97 3098.89 3893.18
Average stocks 3828.14 3079.545 2163.015 2492.93 3496.035
Opening stock of raw materials 1,371.22 2,085.70 1,684.11 903.14 705.24 1,592.08
closing stock of raw materials 2,085.70 1,684.11 903.14 705.24 1,592.08 2,028.67
Purchases of raw materials 5,048.00 3,969.97 4,290.02 4,828.75 7,801.97 12,339.30
Total credit purchases 4,333.52 4,371.56 5,070.99 5,026.65 6,915.13 11,902.71
Mar 2016 Mar 2015
Particulars ( ).Cr ( ).Cr
SOURCES OF FUNDS :
Share Capital 53.43 53.43
Reserves Total -100.11 -85.85
Equity Share Warrants 0 0
Equity Application Money 0 0
Total Shareholders Funds -46.68 -32.42
Secured Loans 70.81 67.85
Unsecured Loans 14.29 14.27
Total Debt 85.1 82.12
Total Liabilities 38.42 49.7
Gross Block 111.07 111.07
Less : Accumulated Depreciation 69.17 65
Less:Impairment of Assets 0 0
Net Block 41.9 46.07
Lease Adjustment 0 0
Capital Work in Progress 0 0
Producing Properties 0 0
Investments 3.34 3.34
Inventories 7.84 10.43
Sundry Debtors 3.01 4.06
Cash and Bank 0 0.33
Loans and Advances 4.16 6.16
Total Current Assets 15.01 20.98
Current Liabilities 22.04 20.81
Provisions 0 0
Total Current Liabilities 22.04 20.81
Net Current Assets -7.04 0.17
Miscellaneous Expenses not written off 0 0
Deferred Tax Assets 0 0
Deferred Tax Liability 0 0
Net Deferred Tax 0 0
Total Assets 38.2 49.58
Contingent Liabilities 3.23 3.03
Mar 2016 Mar 2015
Particulars ( ).Cr ( ).Cr
INCOME :
Sales Turnover 1.7 32.91
Excise Duty 0.2 3.3
Net Sales 1.5 29.61
Other Income 0.39 19.25
Stock Adjustments -1.2 -27.13
Total Income 0.69 21.73
EXPENDITURE :
Raw Materials 0 2.26
Power & Fuel Cost 1.23 3.5
Other Manufacturing Expenses 1.83 6.25
Selling and Administration Expenses 0.64 1.3
Miscellaneous Expenses -0.07 2.83
Less: Pre-operative Expenses Capitalise 0 0
Total Expenditure 6.66 21.73
Operating Profit -5.97 -0.01
Interest 4.1 7.81
Gross Profit -10.07 -7.82
Depreciation 4.19 4.69
Profit Before Tax -14.26 -12.51
Tax 0 0
Fringe Benefit tax 0 0
Deferred Tax 0 0
Reported Net Profit -14.26 -12.51
Extraordinary Items 0 18.16
Adjusted Net Profit -14.26 -30.67
Adjst. below Net Profit 0 -0.5
P & L Balance brought forward -88.54 -75.53
Appropriations 0 0
P & L Balance carried down -102.8 -88.54
Dividend 0 0
Equity Dividend % 0 0
Earnings Per Share-Unit Curr 0 0
Earnings Per Share(Adj)-Unit Curr 0 0
Book Value-Unit Curr -3.85 -3.16
Mar 2014 Mar 2017 Mar 2018 Mar 2019
( ).Cr ( ).Cr ( ).Cr ( ).Cr Liquidity Ratios:
Particulars
53.43 53.43 45.65 35.65
-72.83 -44.79 -19.78 -11.11 Net Working Capital
0 0 0 0 Current Ratio
0 0 0 0 Quick Ratio
-19.4 8.64 25.87 24.54 Cash Ratio
59.64 55.43 36.2 37.14
32.6 28.74 30.94 34.03
92.24 84.17 67.14 71.17
72.84 92.81 93.01 95.71 Leverage Ratios:
Particulars
110.44 107.96 107.54 104.06
59.89 54.57 49.86 44.44 Debt Equity Ratio
0 0 0 0 Proprietary Ratio
50.55 53.39 57.68 59.62 Interest Coverage Ratio
0 0 0 0 Debt Service Coverage Ratio
0.1 0 0.08 0.43
0 0 0 0
4.4 4.4 4.4 4.4
Profitability Ratios:
45.54 31.33 78.44 70.69
Particulars
12.44 10.89 25.19 27.21
6.17 8.9 4.05 3.79 Gross Profit Margin
13.2 10.92 16.35 14.98 Net Profit Margin
77.36 62.04 124.03 116.67 Return on investment
Return on Equity
60.71 27.67 88.52 81.52
0 0 0 0
60.71 27.67 88.52 81.52
16.65 34.37 35.51 35.15 Activity Ratios:
0 0 0 0
Particulars
0 0 0.65 0.19
0 0 5.31 4.85 Inventory Turnover Ratio
0 0 -4.66 -4.66 Debtor Turnover Ratio
71.69 92.16 93.01 94.94 Creditor Turnover Ratio
0 2.16 2.49 2.49 Fixed Asset Turnover Ratio
Total Asset Turnover Ratio
Mar 2014 Mar 2013 Mar 2012 Mar 2011
( ).Cr ( ).Cr ( ).Cr ( ).Cr Valuation Ratios:
Particulars
72.53 274.04 348.38 268.14
6.6 25.78 34.18 0.07 Earnings per share
65.93 248.26 314.2 268.07 Dividend Payout Ratio
0.44 0.51 0.77 10.13 price earnings ratio
13.73 -41.06 3.35 16.51 price to book value ratio
80.1 207.71 318.32 294.71
49.47 140.74 206.86 182.12 COGS:

14.84 27.76 42.55 36.92 Raw Materials
10.87 15.05 16.76 15.01 Employee Cost
15.15 27.56 35.34 38.42 Depreciation
3.49 9 10.72 10.27 Other Manufacturing Expenses
0.82 1.75 1.46 0.1 Power & Fuel Cost
0 0 0 0 Add : Opening Inventory
94.63 221.87 313.69 282.84 Less : Closing Inventory
-14.54 -14.17 4.63 11.87 COGS:
8.14 10.01 7.87 7.22
-22.68 -24.18 -3.24 4.65 Net Purchasers:
5.37 5.49 5.43 5.48
-28.05 -29.67 -8.67 -0.83 Fixed Assets:
0 0 0 0.01
0 0 0 0
0 -4.66 0 2.7
-28.05 -25.01 -8.67 -3.54
0 0 0 0.27
-28.05 -25.01 -8.67 -3.81
0 0 0 0
-47.48 -22.47 -13.8 -10.26
0 0 0 0
0 0 0 0
-75.53 -47.48 -22.47 -13.8
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
0 0 0 0
-2.53 -1.17 0.04 0.46
Mar 2016 Mar 2015 Mar 2014 Mar 2017 Mar 2018 Mar 2019
( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
-7.03 0.17 16.65 34.37 35.51 35.15
0.681034483 1.008169149 1.274254653 2.242139501 1.401152282 1.431182532
0.325317604 0.506967804 0.524131115 1.109866281 0.515024853 0.564033366
0 0.015857761 0.101630703 0.321647994 0.045752372 0.046491658

( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
-1.82305056 -2.53300432 -4.75463918 9.741898148 2.595284113 2.900162999
-1.22198953 -0.6538927 -0.27060957 0.09375 0.278142135 0.258479039
-1.45609756 -0.00128041 -1.78624079 -1.41558442 0.588310038 1.644044321

( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
-6.71333333 -0.26409997 -0.34400121 -0.09739789 -0.0103119 0.017346216
-9.50666667 0 5.503030303 0 0 0
-0.15628272 -0.00020169 -0.20281769 -0.15375434 0.049779594 0.123776069
0.305484147 0.946020975 1.445876289 -2.89467593 -0.33513722 -0.15525672

( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
0.247400109 1.767732714 3.661766619 3.768971486 2.442432777
8.376237624 7.991515152 21.28246892 17.41685144 10.23167939
0.67318404 1.3647278 4.776986723 5.657693347 4.570673487

0.674641148 1.087325802 3.030332621 3.393638278 2.852567172
( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
-2.6689126 -5.74022085 -5.24985963 -4.68089089 -1.8992333 -1.0687237
-2.60030996 -1.20901272 -1.32194011 -1.48262375 -3.65410611 -6.49372703

-0.79435347 -1.14375139 -1.91136186 4.291715278 1.224626981 1.008194784
0 2.26 49.47 140.74 206.86

3.03 5.59 10.87 15.05 16.76
4.19 4.69 5.37 5.49 5.43
1.83 6.25 15.15 27.56 35.34
1.23 3.5 14.84 27.76 42.55
10.43 45.54 31.33 78.44 70.69
7.84 10.43 45.54 31.33 78.44
12.87 57.4 81.49 263.71 299.19
-2.59 -32.85 63.68 93.63 214.61
23.19 28.6 -5.67 30.12 -31.02

BALANCE SHEET OF VISA STEELS
Particulars Mar 2019 Mar 2018 Mar 2017
( ).Cr ( ).Cr ( ).Cr
SOURCES OF FUNDS :
Share Capital 115.79 115.79 110
Reserves Total 4.86 71.14 -757.93
Total Shareholders Funds 120.65 186.93 -647.93
Secured Loans 1314.75 1378.07 3579.37
Unsecured Loans 82.29 97.64 158.5
Total Debt 1397.04 1475.71 3737.87
Total Liabilities 1517.69 1662.64 3089.94
Gross Block 1319.27 1317.04 3344.97
Less : Accumulated Depreciation 228.25 178.74 299.19
Net Block 1091.02 1138.3 3045.78
Capital Work in Progress 297.14 296.39 304.29
Investments 4.29 5.18 20.87
Inventories 63.45 72.57 185.99
Sundry Debtors 17.55 39.25 141.3
Cash and Bank 4.51 19.53 14.05
Loans and Advances 395.52 419.62 138.82
Total Current Assets 481.02 550.96 480.15
Current Liabilities 360.02 339.41 790.92
Provisions 1.14 0.53 2.52
Total Current Liabilities 361.15 339.94 793.44
Net Current Assets 119.87 211.01 -313.29
Miscellaneous Expenses not written off 0 0 0
Deferred Tax Assets 251.58 251.41 441.77
Deferred Tax Liability 251.58 251.41 441.77
Net Deferred Tax 0 0 0
Total Assets 1512.32 1650.88 3057.66
Contingent Liabilities 511.58 500.36 577.74
PROFIT AND LOSS A/C OF VISA STEELS

Particulars Mar 2019 Mar 2018 Mar 2017
( ).Cr ( ).Cr ( ).Cr
INCOME :
Sales Turnover 815.32 863.26 1495.05
Excise Duty 0 4.55 97.87
Net Sales 815.32 858.71 1397.18
Other Income 15.32 19.83 28.04
Stock Adjustments -16.43 0.28 44.52
Total Income 814.21 878.82 1469.74
EXPENDITURE :
Raw Materials 504.76 494.82 1003.74
Power & Fuel Cost 163.61 159.02 124.53
Employee Cost 34.77 31.86 64.07
Other Manufacturing Expenses 59.98 65.58 140.18
Selling and Administration Expenses 43.33 42.24 52.66
Miscellaneous Expenses 15.28 51 40.23
Less: Pre-operative Expenses Capitalised 0 0 0.03
Total Expenditure 821.72 844.5 1425.38
Operating Profit -7.5 34.32 44.36
Interest 13.12 12.67 36.59
Gross Profit -20.62 21.65 7.77
Depreciation 45.54 49.25 150.43
Profit Before Tax -66.16 -27.6 -142.66
Tax 0 0 0
Fringe Benefit tax 0 0 0
Deferred Tax 0 0 0
Reported Net Profit -66.16 -27.59 -142.66
Extraordinary Items 0.04 0 0.22
Adjusted Net Profit -66.2 -27.59 -142.88
Adjst. below Net Profit -0.12 0.2 -32.9
P & L Balance brought forward -564.53 -537.14 -1223.84
Statutory Appropriations 0 0 0
Appropriations 0 0 0
P & L Balance carried down -630.81 -564.53 -1399.4
Dividend 0 0 0
Equity Dividend % 0 0 0
Earnings Per Share-Unit Curr 0 0 0
Earnings Per Share(Adj)-Unit Curr 0 0 0
Book Value-Unit Curr 10.42 16.14 -58.9
Feedback
Mar 2016 Mar 2015 Mar 2014 LIQUIDITY RATIO-
( ).Cr ( ).Cr ( ).Cr PARTICULARS
110 110 110 Net Working Capital

-1048.31 12.43 257.01 Current Ratio
0 0 0 Quick Ratio
0 0 0 Cash Ratio
-938.31 122.43 367.01
3392.5 2955.87 2388.75
118.68 25.2 0 LEVERAGE RATIOS
3511.18 2981.07 2388.75 PARTICULARS
2572.87 3103.5 2755.76
Debt Equty Ratio
2774.97 3067.64 1173.64 Proprietary Ratio
127.18 320.32 258.71 Interest Coverage Ratio
0 0 0 Debt Service Coverage Ratio
2647.79 2747.32 914.93
0 0 0
295.42 296.45 1939.11
0 0 0
21.46 451.14 451.14 PROFITABILITY RATIOS
PARTICULARS
116.92 112.49 151.94 Gross Profit Margin
168.89 56.12 40.83 Net Profit Margin
5.14 5.06 13.51 Return on Investment
91 108.13 138.68 Return on Equity
381.95 281.8 344.96
745.56 676.97 903.34

1.72 1.33 2.81 ACTIVITY RATIOS
747.28 678.3 906.15 PARTICULARS
-365.33 -396.51 -561.19 Inventory Turnover Ratio
0 0 0 Debtor Turnover Ratio
350.01 226.99 130.36 Creditor Turnover Ratio
350.01 226.99 130.36 Fixed Asset Turnover Ratio
0 0 0 Total Asset Turnover Ratio
2599.34 3098.41 2743.99
641.71 374.56 260.9
VALUATION RATIOS
Mar 2016 Mar 2015 Mar 2014 PARTICULARS
( ).Cr ( ).Cr ( ).Cr Earnings per Share
Divided Payout Ratio
1083.97 455.57 1089.37 Price Earning Ratio
72.78 10.02 59.41 Price to Book Value Ratio
1011.19 445.55 1029.96
31.02 28.85 28
15.24 -11.72 4.83 COMPREHENSIVE RATIOS
1057.45 462.68 1062.79 Du-Point Analysis
741.86 254.47 783.1
73.27 57.9 61.24 ADDITIONAL RATIOS
57.85 35.27 29.24 Book Value per share
88.67 62.81 57.42 Average Collection Period ( days )
46 38.91 46.17 Average Payment Period ( days )
40.61 202.87 45.7
0 74.11 10.35
1048.25 578.11 1012.52
9.2 -115.42 50.26 Raw Material
457.39 85.91 145.03 Employee Cost
-448.19 -201.33 -94.77 Depreciation
127.18 35.48 57.73 Other mfg. expenses
-575.37 -236.81 -152.5 Power & Fuel Cost
27.47 3.23 0
0 0 0 Add: Opening Inventory
0 1.41 0 Less: Closing Inventory
-602.84 -241.44 -152.5
-0.04 -149.05 -16.08 Cost of Goods Sold
-602.8 -92.39 -136.42
0.13 0 0 Net Purchases
-621.13 -292.79 -140.29 Fixed Assets
0 0 0
0 0 0
-1223.84 -534.23 -292.79
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
-85.3 11.13 33.36
Mar 2019 ( )Cr Mar 2018 ( )Cr
Current Assets (CA)-Current Liabilities (CL) -240.15 -128.4

CA/CL 0.332953724793067 0.6216964733
(CA-Inventories)/CL 0.156713515915782 0.4078842698
(Cash and Cash Equivalent)/CL 0.012527081828787 0.0575410271
Mar2019()Cr Mar2018()Cr
Long term debt / Shareholders' Equity 11.5792789059262 7.8944524688

Net Worth/Total Assets 0.079778089293271 0.1132305195
EBIT/ Interest(I) -0.571646341463415 2.7087608524
EBITDA*(1-t)/ [I + (Loan repayment instalment/(1-t)] -0.571646341463415 2.7087608524
=Gross Profit/Net Sales -0.025290683412648 0.025212237
PAT/Net Sales -0.081195113575038 -0.0321295897
EBIT*(1-t)/Total Assets -11342.4 51902.8224
PAT/Net Worth -0.548694571073353 -0.1475953566
COGS/Avg. Stocks 7.2756947508
Net Credit Sales/Avg. Debtors 30.236267606
Net Credit Purchases/Avg. Creditors
Net Sales/Avg. Fixed Assets 0.7703784114
Net Sales/Avg. Total Assets 0.5429375316
(PAT-Pref. Div.)/N -5.71724673978755 -2.3827618965
Dividend per share/Earnings per share
Market price per share/Earnings per share -0.844812235649547 -2.0270594418
Market price per share/Book value per share 0.003457393017576 0.0022315009
Integrated analysis of ratios -0.1540605856

Net Worth/N
360/ Debtor Turnover Ratio 11.90623144
360/ Creditor Turnover Ratio
2019 2018 2017

504.76 494.82 1003.74
34.77 31.86 64.07
45.54 49.25 150.43
59.98 65.58 140.18
163.61 159.02 124.53
72.57 185.99 116.92

63.45 72.57 185.99
817.78 913.95 1413.88
513.88 608.24 934.67

1031.3 1622.88 3029.66
Mar 2017 ( )Cr Mar2016( )Cr Mar2015( )Cr Mar2014( )Cr
-1104.21 -1110.89 -1073.48 -1464.53

-0.3961083295 -0.4900075111 -0.585712809 -0.621238958
-0.6312648561 -0.646829229 -0.751879699 -0.789436978
0.0177641228 0.0068941467 0.007474482 0.014955609
Mar2017()Cr Mar2016()Cr Mar2015()Cr Mar2014()Cr
-5.7689410893 -3.7420255566 24.34917912 6.508678238

-0.2119038742 -0.3609800949 0.039513815 0.133750487
1.2123531019 0.0201141258 -1.343499011 0.34654899
1.2123531019 -0.5324209099 2.996002794 0.34654899

0.0055612018 -0.4432302535 -0.451868477 -0.092013282
-0.10226313 -0.596129313 -0.207361688 -0.132451746
67086.5152 13913.344 797489.2153 76009.2032
0.2205176485 0.6424316058 -0.754635302 -0.371706493

7.7640779703 4.8982205936 2.218473475 5.922928563
15.476931598 6.5198104388 3.960268433 21.24724085
0.6678552991 0.355204204 0.165168087 0.562473889

0.5934663399 0.3575004419 0.156395068 0.352581131

-12.989090909 -54.8 -8.399090909 -12.40181818
-0.3718505039 -0.0881386861 -0.575062236 -0.389459024

-0.0006776826 -0.0004679593 0.003586465 0.0011964
0.2864021515 0.5903829486 -0.820734348 -0.349157504

23.260424569 55.216329275 90.90292896 16.94337644
2016 2015
741.86 254.47
57.85 35.27
127.18 35.48
88.67 62.81
73.27 57.9
112.49 151.94
116.92 112.49
1084.4 1682.27
737.43 293.92
2217.39 2816.61
Balance sheet
Particulars
( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
SOURCES OF
FUNDS :
Share Capital 137.88 137.88 137.88 137.88 137.88 137.88
Reserves Total 522 525.78 502.43 488.35 479.82 478.8
Equity Share 0 0 0 0 0 0
Warrants
Equity Application 0 0 0 0 0 0
Money
Total Shareholders 659.88 663.66 640.31 626.23 617.7 616.68
Funds
Secured Loans 36.1 15.48 28.61 18.58 1.23 0.26

Unsecured Loans 40.01 39.88 43.88 48.65 45.19 29.78
Total Debt 76.11 55.36 72.49 67.23 46.42 30.04
Total Liabilities 735.99 719.02 712.8 693.46 664.12 646.72
APPLICATION OF
FUNDS :
Gross Block 1355.39 1355.76 1330.96 1329.46 1231.33 1192.52
Less : 543.89 487.98 431.54 376.89 316.1 257.53
Accumulated
Depreciation
Less:Impairment 0 0 0 0 0 0
of Assets
Net Block 811.5 867.78 899.42 952.57 915.23 934.99
Lease Adjustment 0 0 0 0 0 0
Capital Work in 24.11 14.13 31.92 17.94 31.22 28.1
Progress
Producing 0 0 0 0 0 0
Properties
Investments 191.89 191.89 169.39 105.49 32.09 2.01
Current Assets,
Loans & Advances
Inventories 112.93 115.89 96.04 88.96 142.57 211.16
Sundry Debtors 73.05 23.71 0.97 3.5 0.35 5.11

Cash and Bank 53.5 22.24 27.3 36.77 59.15 79.4
Loans and 83.94 56.09 43.34 53.89 56.09 72.57
Advances
Total Current 323.42 217.93 167.65 183.12 258.16 368.24
Assets
Less : Current
Liabilities and
Provisions
Current Liabilities 345.21 257.7 127.15 173.94 158.61 279.15
Provisions 0.92 0.8 0.54 0.34 34.63 49.52
Total Current 346.12 258.5 127.69 174.28 193.23 328.67

Liabilities
Net Current Assets -22.71 -40.57 39.96 8.84 64.93 39.57
Miscellaneous 0 0 0 0 0 0
Expenses not
written off
Deferred Tax Assets 1.78 1.65 1.98 1.73 1.4 3.14
Deferred Tax 75.73 75.4 75.48 73.08 69.59 70.07

Liability
Net Deferred Tax -73.95 -73.75 -73.5 -71.35 -68.19 -66.93
Total Assets 930.84 959.48 1067.19 1013.5 975.28 937.73
Contingent 930.83 846.05 908.74 830.6 56.32 109.55
Liabilities
Income statement
Particulars
( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr ( ).Cr
INCOME :
Sales Turnover 870.24 631.58 283.54 516.46 621.23 925.37
Excise Duty 131.89 48.97 0.39 28.46 62.95 62.97
Net Sales 738.35 582.61 283.15 488 558.28 862.4
Other Income 41.12 12.73 19.48 13.28 81.37 7.17
Stock Adjustments 2.43 24.35 4.97 -21.95 -55.74 50.49
Total Income 781.9 619.69 307.6 479.33 583.91 920.06
EXPENDITURE :
Raw Materials 635.65 216.53 0 174.94 361.49 455.04
Power & Fuel Cost 13.29 8.8 7.79 13.07 23.34 13.77
Employee Cost 28.61 44.8 44.07 46.72 42.39 41.47
Other Manufacturing 15.84 157.19 44.48 55.35 35.26 103.97
Expenses
Selling and 16.82 17.56 95.04 83.25 41.52 42.75

Administration
Expenses
Miscellaneous 9.36 5.92 12.26 19.31 8.89 28.73
Expenses
Less: Pre- 0 0 0 0 0 0
operative
Total Expenditure 719.57 450.8 203.62 392.64 512.89 685.73
Expenses
Operating
CapitalisedProfit 62.33 168.89 103.97 86.7 71.02 234.32
Interest 4.59 82.34 40.27 14.16 8.3 1.87
Gross Profit 57.74 86.55 63.7 72.54 62.72 232.45
Depreciation 56.4 56.54 54.66 60.78 58.58 47.45
Profit Before Tax 1.34 30.01 9.04 11.76 4.14 185
Tax 5 6.47 -7.14 0 1.86 6.08
Fringe Benefit tax 0 0 0 0 0 0
Deferred Tax 0.2 0.25 2.15 3.16 1.27 62.69
Reported Net Profit -3.86 23.29 14.03 8.61 1.02 116.22
Extraordinary Items 0 0 0 0 0 0
Adjusted Net Profit -3.86 23.29 14.03 8.61 1.02 116.22
Adjst. below Net 0.08 0.06 0.04 -0.07 0 0

Profit
P & L Balance 293.75 270.4 256.32 247.79 246.77 142.65
brought forward
Statutory 0 0 0 0 0 0
Appropriations
Appropriations 0 0 0 0 0 12.1
P & L Balance 289.97 293.75 270.4 256.32 247.79 246.77

carried down
Dividend 0 0 0 0 0 10.34
Preference Dividend 0 0 0 0 0 0
Equity Dividend % 0 0 0 0 0 7.5
Earnings Per Share- 0 1.69 1.02 0.62 0.07 8.3

Unit Curr
Earnings Per 0 1.69 NA NA NA NA
Share(Adj)-Unit Curr
Book Value-Unit 47.86 48.13 46.44 45.42 44.8 44.73
Curr
Liquidity Ratios:
Mar 2019
Particulars
( ).Cr
Net Working Capital = Current Assets (CA)-Current Liabilities (CL) -22.7
Current Ratio = CA/CL 0.93441580955
Quick Ratio = (CA-Inventories)/CL 0.60814168496
Cash Ratio = (Cash and Cash Equivalent)/CL 0.15457066913
Leverage Ratios:
Mar 2019
Particulars
( ).Cr
Debt Equity Ratio = Long term debt / Shareholders' Equity 0.11533915257

Proprietary Ratio = Net Worth/Total Assets 0.70890808302
Interest Coverage Ratio = EBIT/ Interest(I) 13.5795206972
Debt Service Coverage Ratio = EBITDA*(1-t)/ [I + (Loan repayment instalment/(1-t)] 476.555906327
Profitability Ratios:
Mar 2019
Particulars
( ).Cr
Gross Profit Margin = Gross Profit/Net Sales 0.078201395
Net Profit Margin = PAT/Net Sales -0.005227873
Return on investment = EBIT*(1-t)/Total Assets -0.1828935444

Return on Equity = PAT/Net Worth -0.0058495484
Activity Ratios:
Particulars Mar 2018
Particulars Mar 2018
Inventory Turnover Ratio = COGS/Avg. Stocks 5.79722052268158
Debtor Turnover Ratio = Net Credit Sales/Avg. Debtors 12.0423728813559
Creditor Turnover Ratio = Net Credit Purchases/Avg. Creditors 3.00862436115843
Fixed Asset Turnover Ratio = Net Sales/Avg. Fixed Assets 0.693880710780811
Total Asset Turnover Ratio = Net Sales/Avg. Total Assets 0.616414152101232
Valuation Ratios:
Mar 2019
Particulars
( ).Cr
Earnings per share = (PAT-Pref. Div.)/N 0

Dividend Payout Ratio = Dividend per share/Earnings per share 0
price earnings ratio = Market price per share/Earnings per share 0
price to book value ratio = Market price per share/Book value per share 0
COMPREHENSIVE RATIOS
Du-Point Analysis = Integrated analysis of ratios -0.0045457725
ADDITIONAL RATIOS 2019

Book Value per share = Net Worth/N 0
Average Collection Period ( day360/ Debtor Turnover Ratio 29.8944405348
Average Payment Period ( days 360/ Creditor Turnover Ratio 119.656014439
Note :
Number of ordinary shares outstanding= N
13.7810650888
total no of shares 0
Calculation of Net credit purchases

2019 2018
opening stock of raw materials 206.77 172.6
raw material consumed 635.65 216.53
closing stock of raw materials 136.26 206.77
net credit purchases 565.14 250.7
tax rate 3.73134328358209 0.21559480173
Sundry Creditors 204.56 171.12
Calculation of COGS
Raw material consumed 635.65 216.53
Power & Fuel Cost 13.29 8.8
Other Manufacturing 15.84 157.19

Expenses
total 693.39 427.32
add:opening work in progress 0 0
less:closing work in progress 0 0
cost of production 693.39 427.32
add:opening finished stock 901.71 28.63

less:closing finished stock 931.84 901.71
cost of goods sold 663.26 -445.76
market price per share 14.15 46.55

fixed assets 811.5 867.78
Mar 2018 Mar 2017 Mar 2016 Mar 2015
( ).Cr ( ).Cr ( ).Cr ( ).Cr
-40.57 39.96 8.84 64.93
0.843056093 1.312945414676 1.05072297452 1.3360244268
0.394738878 0.560811339964 0.54028000918 0.5981990374
0.086034816 0.213799044561 0.21139473382 0.3061118874
Mar 2018 Mar 2017 Mar 2016 Mar 2015
( ).Cr ( ).Cr ( ).Cr ( ).Cr
0.083416207 0.113210788524 0.10735672197 0.0751497491

0.691687164 0.599996251839 0.61788850518 0.6333565745
2.051129463 2.581822696797 6.12288135593 8.556626506
1.668645519 12.08197845726 9.72823218997 4.4411473647
Mar 2018 Mar 2017 Mar 2016 Mar 2015
( ).Cr ( ).Cr ( ).Cr ( ).Cr
0.148555638 0.224969097651 0.14864754098 0.1123450598
0.039975284 0.049549708635 0.01764344262 0.0018270402
0.138072908 0.1743718534 0.0855451406 0.0401038305

0.035093271 0.021911261733 0.01374894208 0.001651287
Mar 2018 Mar 2017 Mar 2016 Mar 2015 Mar-14

Mar 2018 Mar 2017 Mar 2016 Mar 2015 Mar-14
5.79722052268158 -4.20667201434 0.9092972973 10.032134065 6.004862466
12.0423728813559 22.94570502431 218.344519016 290.01558442 315.8974359
3.00862436115843 2.176687649229 0.31201396604 -1.0788525499 2.198452589
0.693880710780811 0.320450430059 0.52700068575 0.5977941964 0.932213467
0.616414152101232 0.279423882527 0.46907516257 0.5614296202 0.901615778
Mar 2018 Mar 2017 Mar 2016 Mar 2015
( ).Cr ( ).Cr ( ).Cr ( ).Cr
1.69 1.02 0.62 0.07

0 0 0 0
27.5443787 70.19607843137 91.6129032258 971.42857143
0.966622337 71.6 1.32165042054 1.5414664974
0.01614899 0.038737804714 0.01603129239 0.002600886
2018 2017 2016 2015

48.15738085 46.10826945412 42.9765686275 44.113835829
15.68921067 1.648770491803 1.24131260299 1.1396103896
165.388911 1153.794506612 -333.68786127 163.75154131
13.75490196 13.88709677419 14.5714285714 14.002409639
es
2017 2016 2015
152.94 405.73 572.58
0 174.94 361.49
172.6 152.94 405.73
19.66 -77.85 194.64
-0.78982301 0 0.44927536232
59.23 66.79 77.53 99.54
0 174.94 361.49
7.79 13.07 23.34
44.07 46.72 42.39
44.48 55.35 35.26
96.34 290.08 462.48
0 53.18 49.56
0 0 53.18
96.34 343.26 458.86
16.4 834.51 1437.7

28.63 16.4 834.51
84.11 1161.37 1062.05
71.6 56.8 68
899.42 952.57 915.23 934.99
Company : Steel Authority of India Ltd
Year Mar 14 Mar 15 Mar 16

SOURCES OF FUNDS :
Share Capital + 4,130.53 4,130.53 4,130.53
Reserves Total + 38,535.82 39,374.25 35,065.37
Total Shareholders Funds 42,666.35 43,504.78 39,195.90
Secured Loans + 11,765.05 17,113.71 16,134.04
Unsecured Loans + 13,516.35 12,784.02 18,845.75
Total Debt 25,281.40 29,897.73 34,979.79
Other Liabilities+ 5,282.58 4,944.56 4,963.78
Total Liabilities 73,230.33 78,347.07 79,139.47
Gross Block + 54,168.36 65,205.37 77,753.70
Less : Accumulated Depreciation + 27,397.71 29,036.76 31,828.63
Net Block + 26,770.65 36,168.61 45,925.07
Capital Work in Progress+ 33,650.54 29,195.82 24,927.22
Investments + 720.2 919.07 1,292.63
Inventories + 15,403.86 17,950.57 14,903.75
Sundry Debtors + 5,482.28 3,192.00 3,143.49
Cash and Bank+ 2,855.95 2,305.24 297.96
Loans and Advances + 3,330.49 5,249.66 6,077.67
Total Current Assets 27,072.58 28,697.47 24,422.87
Current Liabilities + 14,669.15 15,945.90 18,546.25
Provisions + 2,224.99 2,853.89 2,878.77
Total Current Liabilities 16,894.14 18,799.79 21,425.02
Net Current Assets 10,178.44 9,897.68 2,997.85
Miscellaneous Expenses not written off + 0 0 0
Deferred Tax Assets 1,487.33 2,131.42 7,947.39
Deferred Tax Liability 3,527.79 4,526.61 6,147.59
Net Deferred Tax -2,040.46 -2,395.19 1,799.80
Other Assets+ 3,950.96 4,561.08 2,196.90
Total Assets 73,230.33 78,347.07 79,139.47
Contingent Liabilities+ 20,044.45 24,276.18 32,583.01
Calculation of COGS
particulars 2014 2015 2016
raw material 19271.94 18523.38 17155.23
employee cost 9578.52 9736.35 9715.12
depreciation 1716.69 1773.28 2402.35
othr manufa cturing expense 4607.77 5087.55 4315.88
opower and fuel 5,036.65 5,585.88 5,333.87
total 40,211.57 40,706.44 38,922.45
add: opening stock in progress 1,960.82 2,437.42 3,507.51

less: closing stock in progress 2,437.42 3,312.80 4,704.25
cost of production 39,734.97 39,831.06 37,725.71
add: opening stock of finished goods 7,976.53 6,534.10 7,107.87

less: closing stock of finished goods 6,534.10 7,302.58 5,236.67
cost of goods sold 7.30192375385 6.34914783542 8.56146749747

Industry : Steel - Large
Mar 17 Mar 18 Mar 19
4,130.53 4,130.53 4,130.53

31,878.53 31,583.14 34,021.04
0 0 0
0 0 0
36,009.06 35,713.67 38,151.57
18,416.09 30,180.65 32,422.83
22,979.56 15,228.07 12,747.21
41,395.65 45,408.72 45,170.04
5,118.52 5,297.35 5,886.04
82,523.23 86,419.74 89,207.65
84,565.79 95,519.44 101,456.63

34,280.32 36,907.89 40,097.42
0 0 0
50,285.47 58,611.55 61,359.21
0 0 0
23,275.39 18,395.43 16,013.50
0 0 0
1,395.48 1,491.30 1,584.75
15,939.51 17,248.28 19,689.23

2,921.69 3,869.94 4,495.05
289.09 254.06 219.42
6,611.35 8,469.77 8,081.53
25,761.64 29,842.05 32,485.23
21,096.95 25,535.04 24,992.34

3,147.45 2,555.79 2,556.20
24,244.40 28,090.83 27,548.54
1,517.24 1,751.22 4,936.69
0 0 0
11,496.41 13,220.31 13,055.73
7,490.57 9,035.04 10,157.35
4,005.84 4,185.27 2,898.38
2,043.81 1,984.97 2,415.12
82,523.23 86,419.74 89,207.65
36,905.46 26,767.63 28,278.31
2017 2018 2019

21125.7 26678.81 32290.91
9164.57 9104.27 8931.06
2679.95 3064.92 3384.72
4972.42 4914.11 5745.47
5,354.95 5,925.63 6,181.81
43,297.59 49,687.74 56,533.97
4,395.10 3,985.00 3,212.72

3,984.98 3,212.72 3,395.76
43,707.71 50,460.02 56,350.93
5,545.82 5,822.05 4,430.95

5,822.07 4,430.95 6,964.53
8.45979694507 12.702032296 8.72734843557

Company : Steel Authority of India Ltd
Industry : Steel - Large
Year Mar 14 (12) Mar 15 (12)
INCOME :
Sales Turnover + 52,319.85 51,148.96
Excise Duty 5,677.29 5,418.60
Net Sales 46,642.56 45,730.36
Other Income + 2,021.50 998.59
Stock Adjustments + -894.63 1,408.12
Total Income 47,769.43 48,137.07
EXPENDITURE :
Raw Materials + 19,271.94 18,523.38
Power & Fuel Cost+ 5,036.65 5,585.88
Employee Cost + 9,578.52 9,736.35
Other Manufacturing Expenses + 4,607.77 5,087.55
Selling and Administration Expenses + 2,804.25 3,150.95
Miscellaneous Expenses + 561.42 466.54
Less: Pre-operative Expenses Capitalised+ 0 0
Total Expenditure 41,860.55 42,550.65
Operating Profit 5,908.88 5,586.42
Interest + 967.64 1,454.23
Gross Profit 4,941.24 4,132.19
Depreciation+ 1,716.69 1,773.28
Profit Before Tax 3,224.55 2,358.91
Tax+ 276.1 -16.53
Fringe Benefit tax+ 0 0
Deferred Tax+ 331.97 282.76
Reported Net Profit 2,616.48 2,092.68
Extraordinary Items + 729.04 82.21
Adjusted Net Profit 1,887.44 2,010.47
Adjst. below Net Profit + 0 -264.7
P & L Balance brought forward 31,215.42 32,360.10
Appropriations + 1,471.80 1,182.56
P & L Balance carried down 32,360.10 33,005.52
Dividend 834.35 826.1
Equity Dividend % 20.2 20
Dividend Per Share(Rs) 2.02 2
Earnings Per Share-Unit Curr 5.99 4.67
Earnings Per Share(Adj)-Unit Curr 5.99 4.67
Book Value-Unit Curr 103.3 105.32
Book Value(Adj)-Unit Curr 103.3 105.32
Calculation of Credit Purchases

particulars 2014 2015
opening stock of raw materials 3,538.79 3,529.44
purcshaes of raw material 23,020.40 23,015.65
closing stock of raw materials 3,529.44 4,341.99
net credit purchases 23,029.75 22,203.10
Liquidity Ratio
Particulas
Years 2014 2015
Total Current Assets 27,072.58 28,697.47
Total Current Liabilities 16,894.14 18,799.79
Inventories + 15403.86 17950.57
Cash and Bank+ 2855.95 2305.24
nwc 10,178.44 9,897.68

current ratio 1.60248346468 1.5264782213
Quick Ratio 0.69069630061 0.57165000247
Cash Ratio 0.16904974151 0.12262051863
uthority of India Ltd
Steel - Large
Mar 16 (12) Mar 17 (12) Mar 18 (12) Mar 19 (12)
43,875.17 49,767.10 58,962.36 66,967.31

5,128.69 5,314.69 1,403.90 0
38,746.48 44,452.41 57,558.46 66,967.31
594.67 535.61 1,315.19 532.82
-540.61 -120.63 -1,135.49 2,716.62
38,800.54 44,867.39 57,738.16 70,216.75
17,155.23 21,125.70 26,678.81 32,290.91

5,333.87 5,354.95 5,925.63 6,181.81
9,715.12 9,164.57 9,104.27 8,931.06
4,315.88 4,972.42 4,914.11 5,745.47
3,273.50 3,117.28 4,510.44 5,743.85
1,311.79 775.56 1,476.17 1,446.12
0.15 0 0 0
41,105.24 44,510.48 52,609.43 60,339.22
-2,304.70 356.91 5,128.73 9,877.53
2,300.45 2,527.82 2,822.75 3,154.92
-4,605.15 -2,170.91 2,305.98 6,722.61
2,402.35 2,679.95 3,064.92 3,384.72
-7,007.50 -4,850.86 -758.94 3,337.89
-76.51 0 0 0
0 0 0 0
-2,909.55 -2,017.62 -277.23 1,159.07
-4,021.44 -2,833.24 -481.71 2,178.82
-60.74 -264.91 -46.37 -284.36
-3,960.70 -2,568.33 -435.34 2,463.18
-305.76 -356.62 177.53 214.62
33,051.93 28,283.65 24,570.11 23,898.88
0 0 0 0
441.08 523.68 367.05 -346.55
28,283.65 24,570.11 23,898.88 26,638.87
0 0 0 0
0 0 0 0
0 0 0 5
0 0 0 0.5
0 0 0 5.27
0 0 0 5.27
94.89 87.18 86.46 92.36
94.89 87.18 86.46 92.36
rchases
2016 2017 2018
4,332.18 2,741.32 4,039.67
19,287.86 25,813.59 33,583.81
2,741.32 4,039.67 7,168.56
20,878.72 24,515.24 30,454.92
ty Ratio
2016 2017 2018 2019

24,422.87 25,761.64 29,842.05 32,485.23
21,425.02 24,244.40 28,090.83 27,548.54
14903.75 15939.51 17248.28 19689.23
297.96 289.09 254.06 219.42
2,997.85 1,517.24 1,751.22 4,936.69

1.13992285655 1.06258104964 1.06234134057 1.17919969625
0.44429923519 0.40512984442 0.44832317165 0.4644892252
0.01390710487 0.01192399069 0.00904423258 0.00796485041
Leverage Ratio
Particulars
Years 2014 2015 2016
Total Debt 25281.4 29897.73 34979.79
Total Shareholders Funds 42666.35 43504.78 39195.9
Total Assets 73230.33 78347.07 79139.47
Operating Profit 5,908.88 5,586.42 -2,304.70
Depreciation+ 1716.69 1773.28 2402.35
EBITDA 7,625.57 7,359.70 97.65
Tax Rate 0.33 0.346 0.346
Interest + 967.64 1454.23 2300.45
Debt Equity Ratio 0.59253721024 0.68722862177 0.89243492304

Proprietary Ratio 0.58263222356 0.55528279488 0.495276250902
Interest Coverage Ratio 6.10648588318 3.84149687463 -1.00184746463
Debt Service Coverage Ratio 3.53514718737 2.16365115377 0.018150621354
PROFITABILITY RATIOS
Particulars
Years 2014 2015 2016
Net Sales 46,642.56 45,730.36 38,746.48
Gross Profit 4,941.24 4,132.19 -4,605.15
Reported Net Profit 2,616.48 2,092.68 -4,021.44
Operating Profit 5,908.88 5,586.42 -2,304.70
Total Shareholders Funds 42,666.35 43,504.78 39,195.90
Tax Rate 0.33 0.346 0.346
Total Assets 73230.33 78347.07 79139.47
Gross Profit Margin 0.10593843906 0.09035988346 -0.11885337713

Net Profit Margin 0.05609640637 0.04576128419 -0.10378852479
Return on Investment 0.05406161081 0.04663248645 -0.01904579093
Return on Equity 0.06132420514 0.04810230048 -0.10259848607
ACTIVITY RATIOS
Particulars
Years 2014 2015 2016
Sundry Creditors 4,684.93 5,853.30 6,049.52
fixed assets 46,157.75 49,649.60 54,716.60
cost of goods sold 7.30192375385 6.34914783542 8.561467497475
net credit purchases 23029.75 22203.1 20878.72
Inventory turnover ratio 0.00043783832 0.00038650307 0.000555159701
Debtor turnover ratio 10.7542205232 14.4362503926 12.77669582766
Creditor turnover ratio 4.37070551696 3.73072935657 3.026028630189
Fixed asset turnover ratio 0.97367394046 0.87634425705 0.695140098705
Total asset turnover ratio 0.61542894917 0.58075261543 0.47934965827
VALUATION RATIOS
Particulars
Years 2015 2016 2017
Reported Net Profit 2,092.68 -4,021.44 -2,833.24
Earnings Per Share-Unit Curr 4.67 0 0
Dividend 826.1 0 0
Book Value-Unit Curr 105.32 94.89 87.18
Market price per share 68.9 45.25 61.3
Earnings per share 4.67 0 0

Dividend payout ratio 176.895074946 0 0
Price earnings ratio 14.7537473233 0 0
Price to book value ratio 0.65419673376 0.47686795237 0.703142922689
COMPREHENSIVE RATIO
YEAR 2014 2015 2016
DU-POINT ANALYSIS 0.09374628939 0.04786027178 -0.10045099841
2017 2018 2019
41395.65 45408.72 45170.04
36009.06 35713.67 38151.57
82523.23 86419.74 89207.65
356.91 5,128.73 9,877.53
2679.95 3064.92 3384.72
3,036.86 8,193.65 13,262.25
0.346 0.346 0.22
2527.82 2822.75 3154.92
1.14958985322 1.271466080075 1.18396280939

0.436350588798 0.413258244008 0.42767150575
0.14119280645 1.816926755823 3.13083374539
0.513714442688 1.241251766803 2.55688211807
TIOS
2017 2018 2019

44,452.41 57,558.46 66,967.31
-2,170.91 2,305.98 6,722.61
-2,833.24 -481.71 2,178.82
356.91 5,128.73 9,877.53
36,009.06 35,713.67 38,151.57
0.346 0.346 0.22
82523.23 86419.74 89207.65
-0.04883672224 0.04006326785 0.10038644228

-0.06373647683 -0.00836905643 0.03253557594
0.002828526465 0.038812769166 0.08636561326
-0.07868130965 -0.01348811254 0.05710957636
2017 2018 2019

7,749.90 11,242.33 10,856.17
56,761.59 56,577.69 56,722.42
8.459796945073 12.70203229556 8.72734843557
24515.24 30454.92
0.000509813817 0.000687757908
13.09035091723 13.76175225553
2.581607320467 2.756288435867
0.784413135499 1.016035377194
0.526241606857 0.655461087248
2018 2019
-481.71 2,178.82
0 0
0 5.27
0 0
86.46 92.36
70.2 53.75
0 5.27
0 0
0 0
0.811936155448 0.581961888263
2017 2018
-0.07686659957 -0.01327400217
LIQUIDITY RATIOS 2019 2018 2017
NET WORKING CAPITAL= Current Assets- Current Liabilities
SAIL Bhilai 4936.69 1751.22 1517.24
JINDAL STEEL AND POWER 626.71 2892.65 3389.52
FACOR STEEL 35.15 35.51 34.37
MESCO STEEL -22.7 -40.57 39.96
VISA STEEL -240.15 -128.4 -1104.21
SAIL 4936.69 1751.22 1517.24
JSW 8800 678 1285
TATA Steel LTD. -5985.26 -2046.95 -4665.48
CURRENT RATIO= Current Assets/ Current Liabilities
JSW 1.458119 1.036501 1.079257
FACOR STEEL 1.431183 1.401152 2.24214
MESCO STEEL 0.934416 0.843056 1.312945
VISA STEEL 0.332954 0.621696 -0.396108
SAIL 1.1792 1.062341 1.062581
SAIL Bhilai 1.1792 1.062341 1.062581
TATA Steel LTD. 0.7345 0.90717 0.760328
QUICK RATIO= (CA- Inventories)/CL
JSW 0.906346 0.493728 0.507494
SAIL 0.464489 0.448323 0.40513
FACOR STEEL 0.564033 0.515025 1.109866
MESCO STEEL 0.608142 0.394739 0.560811
VISA STEEL 0.156714 0.407884 -0.631265
SAIL Bhilai 0.511997 0.493196 0.465571
TATA Steel LTD. 0.235225 0.407253 0.234446
CASH RATIO= Cash and Cash Equilants/ Current Liabilities
JSW 0.295695 0.032355 0.063344
SAIL 0.007965 0.009044 0.011924
FACOR STEEL 0.046492 0.045752 0.321648
MESCO STEEL 0.154571 0.086035 0.213799
VISA STEEL 0.012527 0.057541 0.017764
SAIL Bhilai 0.007965 0.009044 0.011924
TATA Steel LTD. 0.031855 0.212999 0.049846
LEVERAGE RATIOS 2019 2018 2017

Debt Equity Ratio= Long term debt / Shareholders' Equity
SAIL 1.183963 1.271466 1.14959
VISA STEEL 11.57928 7.894452 -5.768941
MESCO STEEL 0.115339 0.083416 0.113211
JSW 1.19268 1.280549 1.588223
FACOR STEEL 2.900163 2.595284 9.741898
SAIL Bhilai 1.183963 1.271466 1.14959
TATA Steel LTD. 0.408382 0.440913 0.569577
Proprietary Ratio=Net Worth/Total Assets
JSW 0.49423 0.497865 0.413352
SAIL 0.427672 0.413258 0.436351
VISA STEEL 0.079778 0.113231 -0.211904
MESCO STEEL 0.708908 0.691687 0.599996
FACOR STEEL 0.258479 0.278142 0.09375
SAIL Bhilai 0.039991 0.03923 0.038205
TATA Steel LTD. 0.70864 0.68317 0.608417
Interest Coverage Ratio=EBIT/ Interest(I)
JSW 3.186893 1.970203 1.408455
SAIL 3.130834 1.816927 0.141193
FACOR STEEL 1.644044 0.58831 -1.415584
VISA STEEL -0.571646 2.708761 1.212353
MESCO STEEL 13.57952 2.051129 2.581823
SAIL Bhilai 3.130834 1.816927 0.141193
TATA Steel LTD. 8.093906 4.688051 4.309769
Debt Coverage Ratio= EBDITA*(1-T)/[1+(LOAN REPAYMENT
INSTALLMENT/(1-TAX)]
JSW 4.089067 2.968506 3.272269
SAIL 2.556882 1.241252 0.513714
FACOR STEEL
MESCO STEEL 476.5559 1.668646 12.08198
VISA STEEL -0.571646 2.708761 1.212353
SAIL Bhilai 4.20234 2.901691 1.2009
TATA Steel LTD. 3.534548 3.481711 3.068506
PROFITABILITY RATIOS 2019 2018 2017

Gross Profit Margin=Gross Profit/Net Sales
JSW 0.198287 0.152398 0.155976
SAIL 0.100386 0.040063 -0.048837
MESCO STEEL 0.078201 0.148556 0.224969
VISA STEEL -0.025291 0.025212 0.005561
FACOR STEEL 0.017346 -0.010312 -0.097398
SAIL Bhilai 0.100386 0.040063 -0.048837
TATA Steel LTD. 0.283671 0.173872 0.185412
Net Profit Margin= PAT/Net Sales
JSW 0.107641 0.069587 0.068407
SAIL 0.032536 -0.008369 -0.063736
MESCO STEEL -0.005228 0.039975 0.04955
VISA STEEL -0.081195 -0.03213 -0.102263
FACOR STEEL 0 0 0
JINDAL STEEL AND POWER -0.009435 -0.020483 -0.06827
SAIL Bhilai 0.049844 -0.013186 -0.109125
TATA Steel LTD. 0.149173 0.069939 0.071772
Return on Investment= Net Profit/Total Investment
JSW 0.133094 0.097387 0.088921
SAIL 0.086366 0.038813 0.002829
MESCO STEEL -0.182894 0.138073 0.174372
VISA STEEL -11342.4 51902.82 67086.52
FACOR STEEL 0.123776 0.04978 -0.153754
SAIL Bhilai 1.554302 -0.29192 -1.840463
TATA Steel LTD. 0.261551 0.252345 0.285433
Return on Equity= PAT/Net Worth
JSW 0.234884 0.164579 0.148436
SAIL 0.05711 -0.013488 -0.078681
MESCO STEEL -0.00585 0.035093 0.021911
FACOR STEEL -0.155257 -0.335137 -2.894676
VISA STEEL -0.548695 -0.147595 0.220518
JINDAL STEEL ANFD POWER -0.011659 -0.015865 -0.04532
SAIL Bhilai 0.627736 -0.145427 -0.921466
TATA Steel LTD. 0.144827 0.065364 0.069364
ACTIVITY RATIO 2018 2017 2016

Inventory Turnover Ratio= COGS/Avg. Stock
SAIL Bhilai 2.913967 3.124711 2.816269
TATA Steel LTD. 3.457301 2.910295 3.150217
JINDAL STEEL POWER 4.277766 5.033354 5.891046
FACOR STEEL 0.2474 1.767733 3.661767
MESCO STEEL 5.797221 -4.206672 0.909297
VISA STEEL 7.275695 7.764078 4.898221
SAIL, NEW DELHI 0.000688 0.00051 0.000555
JSW 7.420047 6.868954 6.531458
Debtor Turnover Ratio= Net Credit Sales/ Avg. Debtors
SAIL Bhilai 16.01133 16.94982 14.65823
TATA Steel LTD. 36.81562 24.72497 24.37736
FACOR STEEL 8.376238 7.991515 21.28247
MESCO STEEL 12.04237 22.94571 218.3445
VISA STEEL 30.23627 15.47693 6.51981
SAIL, NEW DELHI 13.76175 13.09035 12.7767
JSW 13.41616 15.38519 16.19209
Creditors Turnover Ratio= Net Credit Purchases/ Avg. Creditors
SAIL Bhilai 3.445573 2.708951 3.163298
TATA Steel LTD. 1.519665 1.13813 1.146958
FACOR STEEL
MESCO STEEL 3.008624 2.176688 0.312014
VISA STEEL
JSW 5.900029 6.347105 5.648823
SAIL,NEW DELHI 2.7562884 2.581607 3.026029
Fixed Asset Turnover Ratio= Net Sales/ Avg. Fixed Assets
SAIL Bhilai 0.813997 0.712156 0.581431
FACOR STEEL 0.673184 1.364728 4.776987
MESCO STEEL 0.693881 0.32045 0.527001
VISA STEEL 0.770378 0.667855 0.355204
TATA Steel LTD. 0.747807 0.684689 0.556745
SAIL, NEW DELHI 1.016035 0.784413 0.69514
JSW 0.166716 1.118979 0.838554
Total Asset Turnover Ratio= Net Sales/ Avg Total Assets
SAIL Bhilai 0.782204 0.698041 0.564755
FACOR STEEL 0.674641 1.087326 3.030333
TATA Steel LTD. 0.608316 0.548513 0.469837
MESCO STEEL 0.616414 0.279424 0.469075
VISA STEEL 0.542938 0.593466 0.3575
SAIL, NEW DELHI 0.655461 0.526242 0.47935
JSW 1.202712 1.158475 0.919632
VALUATION RATIOS 2019 2018 2017

Earnings Per Share=( PAT-Pref.dividend)/no. of ordinary shares
TATA Steel LTD. 91.9 36.38 35.46
SAIL Bhilai 5.27 0 0
JSW 27.44 15.31 11.88
SAIL, NEW DELHI 5.27 0 0
MESCO STEEL 0 1.69 1.02
VISA STEEL -5.717247 -2.382762 -12.98909
FACOR STEEL -5.740221 -5.24986 -4.680891
JINDAL STEEL AND POWER 0 0 0
Dividend Payout Ratio= Dividend per share/ Earning per share
TATA Steel LTD. 0.141458 0.274876 0.282008
FACOR STEEL 0 0 0
MESCO STEEL 0 0 0
VISA STEEL 0 0 0
JSW 0 0 0
SAIL, NEW DELHI 0 0 0
Price Earnings Ratio= Market Price per share/ Earning Per Share
TATA steel LTD. 5.108814 15.69681 12.96954
FACOR STEEL -2.60031 -1.209013 -1.32194
MESCO STEEL 0 27.54438 70.19608
VISA STEEL -0.844812 -2.027059 -0.371851
JSW 10.67966 18.82103 15.90067
SAIL, NEW DELHI 0 0 0
Price to Book Value ratio= Market price per share/Book Value per share
TATA Steel Ltd 0.764359 1.06575 0.97321
SAIL Bhilai 0.456366 0.811936 0.703143
JSW 2.50856 3.118169 2.35948
FACOR STEEL -0.794353 -1.143751 -1.911362
MESCO STEEL 0 0.966622 71.6
VISA STEEL 0.003457 0.002232 -0.000678
SAIL, NEW DELHI 0.581962 0.811936 0.703143
COMPREHENSIVE RATIOS 2018 2017 2016

TATA Steel Ltd. 0.056154 0.055424 0.019374
Sail Bhilai 0.088695 -0.02176 -0.137739
JSW 0.261946 0.16192 0.152193
SAIL, NEW DELHI 0.093746 0.04786 -0.100451
JINDAL STEEL AND POWER -0.016545 -0.000697 -0.06055
FACOR STEEL
VISA STEEL -0.154061 0.286402 0.590383
MESCO STEEL -0.004546 0.016149 0.038738
2016 2015
2997.85 9897.68
2427.4 7177.28
-7.03 0.17 LIQUIDITY RATIO: The liquidity ratio consists of current ratio, quick ratio and cash ratio.
8.84 64.93 Current Ratio which measures the company's ability to pay short-term obligations or tho
-1110.89 -1073.48 therefore, from the different current ratios we can see that the players of th
2997.85 9897.68 similarly, the quick ratio and cash ratios indicate a better liquidity position of the compa
-2822.41 1249.74
-3187.33 -1476.63
0.8266972 1.0703119
1.3458835 3.1042805
0.6810345 1.0081691
1.050723 1.3360244
-0.490008 -0.5857128
1.1399229 1.5264782
1.1399229 1.5264782
0.7692945 0.8815959
0.4127379 0.5873237
0.4442992 0.57165
0.3253176 0.5069678
0.54028 0.598199
-0.646829 -0.7518797
0.9983386 2.0136185
0.5132639 0.6739601
0.2526763 0.2367456
0.0367518 0.1009923
0.0139071 0.1226205
0 0.0158578
0.2113947 0.3061119
0.0068941 0.0074745
0.0472986 0.0847221
0.0139071 0.1226205
0.0749972 0.0383759
2016 2015
0.8924349 0.6872286
-3.742026 24.349179
0.1073567 0.0751497
1.7470423 1.0936656
-1.823051 -2.5330043
1.1160252 2.2630281
0.8924349 0.6872286
0.630587 0.4229942
0.3682804 0.5267152
0.4952763 0.5552828
-0.36098 0.0395138
0.6178885 0.6333566
-1.22199 -0.6538927
0.4789318 0.3225881
0.0359603 0.0051972
0.601764 0.6821757
-1.627744 1.1169702
-1.001847 3.8414969
-1.456098 -0.0012804
0.0201141 -1.343499
6.1228814 8.5566265
0.9312559 1.5091398
-1.001847 3.8414969
3.4380401 6.3171791
0.2571694 3.074274
0.0181506 2.1636512
9.7282322 4.4411474
-0.532421 2.9960028
0.7453047 0.9844516
0.0415085 5.1285166
0.2593116 4.5655096
2016 2015
-0.065166 0.1309128
-0.118853 0.0903599
0.1486475 0.1123451
-0.44323 -0.4518685
-6.713333 -0.2641
-0.013212 0.0855952
-0.118853 0.0903599
0.1177365 0.2514414
-0.096158 0.0470082
-0.103789 0.0457613
0.0176434 0.001827
-0.596129 -0.2073617
-9.506667 0
-0.103014 -0.0232018
-0.180855 0.051583
0.0249721 0.1541012
-0.094658 0.0665221
-0.019046 0.0466325
0.0855451 0.0401038
13913.344 797489.22
-0.156283 -0.0002017
0.0334675 0.0572876
-3.064063 2.1875048
0.1087055 0.0889696
-0.172936 0.0842182
-0.102598 0.0481023
0.0137489 0.0016513
0.3054841 0.946021
0.6424316 -0.7546353
-0.0615 -0.0248321
-1.45342 5.4570773
0.019538 0.0965908
2015 2014
2.4104538 2.3422724
3.5890557 3.5298513
3.5511252 2.7906268
3.7689715 2.4424328
10.032134 6.0048625
2.2184735 5.9229286
0.0003865 0.0004378
4.7900001 6.2358911
12.231565 10.543898
51.439405 66.088919
12.443811 9.9389986
17.416851 10.231679
290.01558 315.89744
3.9602684 21.247241
14.43625 10.754221
16.179216 21.710781
3.4513019 3.7932619
2.6681461 1.0852614
2.2603606 2.2132154
-1.078853 2.1984526
2.6681461 4.8719526
3.7307294 4.3707055
0.5622234 1.4315721
0.3815271 0.4746834
5.6576933 4.5706735
0.5977942 0.9322135
0.1651681 0.5624739
0.531003 0.4984786
0.8763443 0.9736739
0.7226607 0.9807699
0.5141226 0.6392933
0.2968151 0.3508363
3.3936383 2.8525672
0.4668607 0.4447535
0.5614296 0.9016158
0.1563951 0.3525811
0.5807526 0.6154289
0.7041413 0.9616161
2016 2015
9.84 66.29
0 4.67
0 67.775794
0 4.67
0.62 0.07
-54.8 -8.3990909
-1.899233 -1.0687237
0 0
0.8130081 0.1206819
0 0.4282655
0 0
0 0
0 0
0 0
0 3.923082
0 176.89507
48.98374 4.5288882
0 0
0 0
-1.482624 -3.6541061
91.612903 971.42857
-0.088139 -0.5750622
0 1.3376457
0 14.753747
1.0039575 0.4374727
0.476868 0.6541967
0.1891908 0.1099642
4.2917153 1.224627
0.2744834 0.6756856
1.3216504 1.5414665
-0.000468 0.0035865
0.476868 0.6541967
2015 2014
0.1004684 0.1004604
-0.182526 0.0559299
-0.183852 0.0858221
-0.076867 -0.013274
-0.022623 0.0946473
-0.820734 -0.3491575
0.0160313 0.0026009
quick ratio and cash ratio.
hort-term obligations or those due within one year.
n see that the players of the industries are able to pay off their obligations
idity position of the companies with a few not being able to meet the liquidity requirements.

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NAME

BALANCE SHEET OF TATA STEEL LTD

60519.37 53260.96 42697.44 46577.26 46309.34

17524.84 13377.96 10691.55 12366.92 10030.34

EET OF TATA STEEL LTD

Mar 2018 Mar 2017 Mar 2016 Mar 2015 Mar 2014

1146.12 971.41 971.41 971.41 971.41

84681.58 81823.38 55808.43 42583.38 39644.05

11023.41 10236.85 7137.38 8042 6007.81

20861.15 18299.75 12802.36 10795.7 12869.8

2019 2018 2017 2016 2015

0.408381526614 0.440913474622291 0.56957700123301 0.63058698023 0.42299421771

0.283670989854 0.173872239411629 0.18541196198947 0.11773651919 0.25144142635

2018 2017 2016 2015 2014

2019 2018 2017 2016 2015

2018 2017 2016 2015 2014

2015 2016 2017 2018 2019 2014

tax rate 0.388057742 0.239036 0.261445 0.77318 0.210532

cost of production 43504.51 37965.92 32278.88 27321.57 27947.43 24798.14

Cost of goods Sold 42957.95 38512.17 30936.81 27366.3 27239.82 24796.87

2019 2018 2017 2016 2015

Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-14

Mar-19 Mar-18 Mar-17 Mar-16 Mar-15 Mar-14

Current Liabilities 24992.34 25535.04

Deferred Tax Assets 13055.73 13220.31

CURRENT RATIO= Current Assets/ Current Liabilities

QUICK RATIO= (CA- Inventories)/CL

CASH RATIO= Cash and Cash Equilants/ Current Liabilities

LEVERAGE RATIOS 2019 2018

Proprietary Ratio=Net Worth/Total Assets

Interest Coverage Ratio=EBIT/ Interest(I)

DEBT SERVICE COVERAGE RATIO = EBITDA*(1-t)/ [I + (Loan

PROFITABILITY RATIOS 2019 2018

Net Profit Margin= PAT/Net Sales

Return on Investment= Net Profit/Total Investment

Return on Equity= PAT/Net Worth

4130.53 4130.53 4130.53 4130.53

84565.79 77753.7 65205.37 54168.36

15939.51 14903.75 17950.57 15403.86

21096.95 18546.25 15945.9 14669.15

49767.1 43875.17 51148.96 52319.85

21125.7 17155.23 18523.38 19271.94

1517.24 2997.85 9897.68

1.0625810496 1.1399228565 1.526478221

0.4655710897 0.5132638674 0.673960078

0.0119239907 0.0139071049 0.122620519

2017 2016 2015

1.1495898532 0.892434923 0.687228622

0.0382049225 0.0359603273 0.005197193

0.1411928064 -1.001847465 3.841496875

2017 2016 2015

-0.048836722 -0.118853377 0.090359883

-0.109124792 -0.180855138 0.051583018

-1.840463496 -3.064063189 2.18750476

-0.921465764 -1.453420459 5.457077292

ADD: OPENING STOCK IN PROGRESS 3212.72 3985 4395.1 3507.51 2437.42

COST OF PRODUCTION 56350.93 50460.02 43707.71 37725.71 39831.06

ADD: OPENING FINISHED STOCK 4430.95 5822.05 5545.82 7107.87 6534.1

COST OF GOODS SOLD 53817.35 51851.12 43431.46 39596.91 39062.58

particulars 2015 2016 2017 2018 2019

sundry creditors 5,853.30 6,049.52 7,749.90 11,242.33 10,856.17

2019 2018 2017 2016 2015

2019 2018 2017 2016 2015